Defense stocks drop after Trump says Pentagon spending could be halved
Shares of Northrop Grumman and Lockheed Martin were under pressure after President Donald Trump raised the idea of large cuts to defense spending.
Trump wants denuclearization talks with Russia and China, hopes for defense spending cuts
President Donald Trump said Thursday that he wants to restart nuclear arms control talks with Russia and China and that eventually he hopes all three countries could agree to cut their massive defense budgets in half.
Trump Floats Deal With Russia, China to Cut Defense Spending
President Donald Trump floated the idea of a three-way meeting with the leaders of Russia and China in which the countries would agree to cut defense spending in half.
Trump Wants Denuclearization Talks with Russia, China, Aims to Halve US Military Budget
President Donald Trump announced today he wants to restart denuclearization talks with Russia and China. Newsweek's live blog is closed.
Defense on watch as Trump says to meet with China, Russia on military spending
President Trump said he plans to meet with leaders of China and Russia to discuss denuclearization and reducing military spending. Publicly
Trump Sends Shockwave Through Defense Stocks, Says Military Spending Could Be Halved
President Donald Trump suggested Thursday that U.S. military spending could be cut in half. Shares of defense firms dropped on the news. Selling continued on Friday. “We’re going to spend a lot less money,
Trump wants U.S., China and Russia to cut military spending in half
President Trump said Wednesday he's going to meet with Chinese President Xi Jinping and Russian President Vladimir Putin to discuss slicing all three countries' military budgets in half. The big picture: Trump is looking to convince the U.
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Republicans advance plans to raise military spending by at least $100B amid concerns budget cuts could affect veterans
Republicans are moving closer to their goal of raising defense spending by at least $100 billion in the next decade as two ...
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Military Spending Is on the Rise and This Country Has Increased Its Spend by 802%
From the Middle East to Europe, large-scale violent conflicts have broken out on multiple fronts in recent years. Against the ...
Pentagon's Hegseth sees growth in defense spending despite Musk review
U.S. Defense Secretary Pete Hegseth said on Tuesday he wanted to increase overall U.S. defense spending and played down ...
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Republicans propose at least $100 billion in extra defense spending in the next decade
Congressional Republicans are pushing for at least $100 billion in additional defense spending during the next decade to ...
Hegseth Urges 5% Defense Spending for Europe, Maybe Not for US
NATO members in Europe should bear more of the costs of collective defense, US Defense Secretary Pete Hegseth said Thursday, ...
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House unveils budget plan with $100B boost for defense
Unlike the Senate — which opted for a two-bill strategy that starts with approving additional funds for defense, border security and energy — the House is pursuing what Trump has called “one beautiful ...
Growth in Russian military spending outpaces all European countries combined: Think tank
The rate of growth for Russia’s military spending outpaced all other European countries combined in 2024 as its invasion of ...
How DOGE Could Impact Pentagon Spending
The Pentagon is reportedly preparing lists of weapons programs it wants to cancel to coincide with Elon Musk's potential cuts ...