The Investment Whisperer
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

The Investment Whisperer

Politics

Trump, Hegseth reveal whopping figure they want for the next Pentagon budget

by admin April 9, 2025
April 9, 2025
Trump, Hegseth reveal whopping figure they want for the next Pentagon budget

President Donald Trump and Defense Secretary Pete Hegseth vowed to hike the Pentagon budget to over $1 trillion for the first time ever. 

Speaking to reporters alongside Israeli Prime Minister Benjamin Netanyahu, Trump said the upcoming budget would be ‘in the vicinity’ of $1 trillion, a major boost from this year’s $850 billion budget. 

‘COMING SOON: the first TRILLION dollar @DeptofDefense budget,’ Hegseth posted on X. 

He said Trump is ‘is rebuilding our military – and FAST.’

The budget for all national security programs, including the Department of Defense, nuclear weapons development and other security agencies, is at $892 billion for this year. 

Moving to a $1 trillion Pentagon budget would be a 12% increase over current levels. 

But the $1 trillion budget idea comes just as the Pentagon has moved to cut 8% each year for five years from each program to reinvest in modernization. The department is also planning to slash tens of thousands from its civilian workforce and consolidate bases across the world. 

‘We’re going to be approving a budget, and I’m proud to say, actually, the biggest one we’ve ever done for the military,’ he said. ‘$1 trillion. Nobody has seen anything like it.

‘We are getting a very, very powerful military. We have things under order now.’

White House officials are expected to unveil their budget proposal for fiscal year 2026 later this spring before Congress hashes out the appropriations process. 

Even a $1 trillion budget would not put the U.S. at Trump’s stated target for NATO countries to spend on defense: 5%. 

But the president said the cash influx would be used to kickstart production on new equipment and technologies. 

‘We’ve never had the kind of aircraft, the kind of missiles, anything that we have ordered,’ he said. ‘And it’s in many ways too bad that we have to do it because, hopefully, we’re not going to have to use it.’

The Trump administration recently unveiled a Boeing contract for the Air Force’s sixth-generation fighter jet, the F-47, which the service branch expects to cost around $20 billion from 2025 to 2029. 

‘We know every other plane,’ Trump said. ‘I’ve seen every one of them and it’s not even close. This is a next level.’

An announcement on the Navy’s next-generation fighter jet, F/A-XX, has been stalled, while chief of naval operations Adm. James Kirby told reporters Monday work on the new jet’s contract was taking place at ‘secretary-level and above.’ 

This post appeared first on FOX NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
White House: US will lead in AI, but China is catching up
next post
‘Many failures’: Whistleblower exposes how fired Biden-era official was soft on China, prioritized DEI

Related Posts

Philippine mayor accused of acting as Chinese asset...

May 20, 2024

US forces attacked at least 160 times in...

January 30, 2024

Rubio meets Saudi Arabian officials ahead of US-Russia...

February 18, 2025

Mother of American hostage held by Hamas asks...

January 13, 2024

Iran remembers Hamas leader Yahya Sinwar as a...

October 18, 2024

President-elect Trump taps slew of administration picks days...

January 17, 2025

Vance visits Capitol Hill to urge senators to...

March 5, 2025

Trump’s abortion stance prompts pushback from Lindsey Graham...

April 10, 2024

Dem senator looks to hijack key Trump budget...

April 5, 2025

Morning Glory: Trump’s big chance to put this...

March 15, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Categories

    • Business (1,350)
    • Investing (3,187)
    • Politics (4,325)
    • World (4,250)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheInvestmentWhisperer.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 TheInvestmentWhisperer.com | All Rights Reserved