President Trump Has a Rare Chance to Cut the $1 Trillion Defense Budget: Which Stocks Are Most at Risk?
Last week, as you may have heard, President Trump expressed a desire to "cut our military budget in half," utilizing Musk and his merry band of Department of Government Efficiency (DOGE) price cutters to get the job done.
Defense leaders ordered to find budget cuts to ‘align with the president’s priorities’
Defense Secretary Pete Hegseth said Trump gave his department “clear marching orders: revive warrior ethos, rebuild our military and reestablish deterrence. We will refocus our core missions and
Hegseth orders $50 billion of defense budget redirected from Biden to Trump priorities
Defense Secretary Pete Hegseth said the funds will be pulled from 'so-called "climate change" and other woke programs.'
Hegseth wants Pentagon to cut 8% from defense budget for each of the next 5 years
Defense Secretary Pete Hegseth has told the Pentagon to find $50 billion in programs to cut this year, to redirect funds to President Trump's priorities.
Defense secretary orders military to prepare for major budget cuts
Defense Secretary Pete Hegseth has ordered the military to prepare plans to make drastic budget cuts over the next five years, with an exception for border security, according to a new memo obtained by CNN.
Pentagon will cut billions of dollars in programs but not its overall budget, Hegseth says
Defense Secretary Pete Hegseth said Friday that he will immediately begin shifting billions of dollars away from nonlethal programs in connection with a broader reorganization of military priorities.
Hegseth orders Pentagon to make plans for major budget cuts to align with Trump DOGE priorities
Defense Secretary Pete Hegseth has ordered the Pentagon to develop plans for cutting 8% from the Department of Defense budget.
Pete Hegseth orders senior leaders to cut 8% from Defense budget
Defense Secretary Peter Hegseth has ordered senior military and civilian Pentagon officials to cut 8% from the defense budget over each of the next five years.
Stock of the day: Palantir's surging stock fell 10% after reports of Pentagon budget cuts
Data analytics company Palantir is a major US defense contractor. Its shares were up 65% this year before Wednesday.
Hegseth orders Defense Department to cut $50 billion from FY26 budget
Defense Secretary Pete Hegseth wants to "refocus the Department on its core mission of deterring and winning wars," according to a Department of Defense statement.
Wedbush: Defense Budget Cuts Will Help, Not Hurt Palantir Stock
U.S. defense stocks opened in the red on Thursday, Feb. 20 following reports that President Donald Trump’s administration has ordered the Pentagon to lower its budget by 8% annually over the next five years.
Trump wants attack subs. The rest of the $50 billion Pentagon budget shuffle is a question mark for the Navy.
Pentagon leadership is talking about taking funds from legacy programs for Trump's priorities. Beyond attack subs, there's ...
Trump administration orders Pentagon to plan for sweeping budget cuts
A senior Pentagon official said that money saved through the cuts could be “realigned” to other defense priorities that ...
Pete Hegseth orders defense leadership to draw up plans for huge budget cuts as DOGE enters the Pentagon: report
Hegseth, 44, demanded a proposal that would include annual 8% cuts to the Pentagon’s roughly $850 billion budget, according ...
Which Countries Spend the Most on Military Defense?
As the U.S. government debates the future of its defense spending, how much does the U.S. spend compared with other countries ...
Will DOGE Bring Real Change to the Pentagon?
After taking a wrecking ball to other federal agencies, the DOGE has turned its attention to the Pentagon. Will it make real ...