EconomyLens.com
No Result
View All Result
Thursday, July 10, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

Trump administration takes aim at Pentagon spending

Andrew Murphy by Andrew Murphy
February 19, 2025
in Other
Reading Time: 5 mins read
A A
3
31
SHARES
390
VIEWS
Share on FacebookShare on Twitter

US Defence Secretary Pete Hegseth, who reportedly wrote a memo ordering the US military to prepare for sweeping budget cuts. ©AFP

Washington (AFP) – US Defense Secretary Pete Hegseth has ordered a review of the department’s 2026 budget to reallocate $50 billion in funds, the Pentagon said Wednesday, following reports that he had directed deep, multi-year cuts to military spending. US media reported that Hegseth directed senior Defense Department leaders to plan for cuts that could slash the defense budget by eight percent annually, or approximately $290 billion over the next five years. The Pentagon did not directly deny those reports; instead, it described an effort aimed at removing funding from programs favored by former president Joe Biden and redirecting it toward those advocated by his successor, Donald Trump.

Related

Delta offers upbeat outlook on travel demand, lifting shares

Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn

Wall Street stocks stall, London hits record high

EU opens new probe into TikTok data transfer to China

London stocks hit record high on tariff optimism

“Secretary Hegseth has directed a review to identify offsets from the Biden administration’s FY26 budget that could be realigned from low-impact and low-priority Biden-legacy programs to align with President Trump’s America First priorities for our national defense,” Robert Salesses, performing the duties of deputy secretary of defense, stated. “The department will develop a list of potential offsets that could be used to fund these priorities, as well as to refocus the department on its core mission of deterring and winning wars. The offsets are targeted at eight percent of the Biden Administration’s FY26 budget, totaling around $50 billion, which will then be spent on programs aligned with President Trump’s priorities,” the statement added.

A report from the Washington Post described a memo from Hegseth, dated Tuesday, that ordered the development of plans for an eight percent cut from the defense budget in each of the next five years. Hegseth’s memo specified that the proposed cuts must be formulated by February 24, including 17 categories that Trump wants to be exempted, such as operations at the US border with Mexico and the modernization of nuclear weapons and missile defense. The memo also prioritized funding for Indo-Pacific Command and Space Command, but did not mention others, such as European Command, which has been pivotal in shaping US strategy throughout the war in Ukraine.

The Defense Department “must act urgently to revive the warrior ethos, rebuild our military, and reestablish deterrence,” Hegseth wrote in the memo, according to the Post. “Our budget will resource the fighting force we need, cease unnecessary defense spending, reject excessive bureaucracy, and drive actionable reform including progress on the audit,” he reportedly continued. The Pentagon’s budget for 2025 is approximately $850 billion, and if the cuts described in the memo are fully implemented, it would reduce that figure by tens of billions each year to around $560 billion by the end of the five-year period.

Trump has vowed to slash government spending, and Elon Musk’s Department of Government Efficiency (DOGE) — tasked with carrying out that effort — reportedly visited the Pentagon last week. Hegseth expressed support for DOGE’s work at the Pentagon in a Tuesday post on X: “Let’s get to work. DOGE the waste; Double-Down on warriors,” he wrote.

© 2024 AFP

Tags: budgetdefensenational security
Share12Tweet8Share2Pin3Send
Previous Post

Canada announces first high-speed rail: Toronto to Quebec City

Next Post

Trump’s labor nominee walks back pro-union stances

Andrew Murphy

Andrew Murphy

Related Posts

Other

London hits record as trade deal hopes fan rally on markets

July 10, 2025
Other

Japan’s sticky problem with Trump, tariffs and rice

July 10, 2025
Other

Trump hits Brazil with 50% tariff, sets date for copper levy

July 10, 2025
Other

Global stocks mostly up despite new Trump tariffs, Nasdaq at record

July 9, 2025
Other

AI giant Nvidia becomes first company to reach $4 tn in value

July 10, 2025
Other

Trump broadens push for tariff deals, unveils 50% Brazil levy

July 9, 2025
Next Post

Trump's labor nominee walks back pro-union stances

Trump's labor nominee walks back pro-union stances

Trump administration takes aim at Pentagon spending

Lights out for Indonesia civil servants as Prabowo cuts budgets

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

Delta offers upbeat outlook on travel demand, lifting shares

July 10, 2025

Barry Callebaut cuts outlook as chocolate sales volumes melt away

July 10, 2025

Shein faces 150-mn-euro fine in France

July 10, 2025

Snap, crackle and pay: Ferrero to buy WK Kellogg for $3.1 bn

July 10, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.