US EditionTrump’s budget director defends White House plan for massive boost in military spending
- On Wednesday, Budget Director Russ Vought testified before Congress regarding the Trump administration's record $1.5 trillion military budget request, marking a nearly 50% increase from last year.
- Lawmakers are also scrutinizing the administration's request for the ongoing war in Iran; Senate Majority Leader John Thune said this week the original $200 billion request will be scaled back, potentially to $100 billion.
- Energy Secretary Chris Wright faces questions on global oil shortages and rising prices, while Agriculture Secretary Brooke Rollins must address threats to the Strait of Hormuz blocking fertilizer shipments.
- The Department of Homeland Security funding lapse has now entered its third month on Capitol Hill, prompting Republicans to move two bills to end the shutdown.
- Through reconciliation, Republicans plan to pass a bill funding U.S. Immigration and Customs Enforcement for three years, allowing passage with Republican-only Senate votes by President Trump's June 1 deadline.
81 Articles
81 Articles
White House offers no hint of war cost, seeks military funding
White House budget director Russell Vought said on Wednesday he could not estimate the cost of the Iran war, as he defended President Donald Trump's request for a massive $1.5 trillion annual military budget against bipartisan criticism from U.S. lawmakers who cited the Pentagon's historic lack of financial accountability. "We're not ready to come to you with a request. We're still working on it. We're working through to figure out what's needed…
Trump’s budget director defends ‘out of whack’ defense spending boost to skeptics
Office of Management and Budget Director Russ Vought testifies before the U.S. House Budget Committee on April 15, 2026. (Screenshot from committee webcast)WASHINGTON — The White House budget director on Wednesday defended the administration’s latest request for Congress, testifying before the House Budget Committee that a 43% increase in defense spending and a 10% cut to domestic programs is the best path forward. Democrats on the panel were h…
White House can’t estimate Iran war cost, seeks funding surge | Honolulu Star-Advertiser
WASHINGTON >> White House budget director Russell Vought said today he could not estimate the cost of the Iran war, as he defended President Donald Trump’s request for a massive $1.5 trillion annual military budget against bipartisan criticism from U.S. lawmakers who cited the Pentagon’s historic lack of financial accountability.
Does Trump's Record Defense Budget Make Lockheed Martin a "Never Sell" Stock?
Key PointsLockheed Martin's backlog continues to soar and the Department of Defense's new strategic approach favors the company's revenue growth prospects.Margin challenges are unlikely to go away anytime soon for defense contractors.10 stocks we like better than Lockheed Martin › President Donald Trump's $1.5 trillion budget request (comprising a $1.15 trillion base request and $350 billion in reconciliation) for 2027 is exciting defense indust…
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