Republicans are moving closer to their goal of raising defense spending by at least $100 billion in the next decade as two budget resolutions paving the way for a massive bill that targets President ...

On Thursday, Trump floated cutting the defense budget in half – after things "settle down" with Russia and China. It was a sharp turn from Defense Secretary Pete Hegseth's comments earlier the ...

global military spending spiked by 10% — or about $209 billion — between 2021 and 2023 alone, according to the Stockholm International Peace Research Institute. The nations driving this surge ...

Senate Majority Leader John Thune announced that the upper chamber will move forward with a vote on a budget proposal focused on border security, defense and energy.

The U.S. military budget reached a peak (as a percent of GDP ... powerful navy in the world with the largest displacement as of 2021 from 299 combat vessels and 4,012 aircraft.

NATO members will have to bolster their defense spending by “considerably more than 3%” of their GDP, the alliance’s Secretary General Mark Rutte said Saturday. The alliance chief’s ...

However, action on the FY 2025 and FY 2026 defense budgets must also be taken amidst ... The Biden administration submitted its first full request for FY 2022 on May 28, 2021, making it the latest ...

the continent’s regional share of global spending dropped by more than 4 percentage points, going from nearly 26 percent in 2021 to 21.7 percent in 2024, the analysis shows. Globally, defense ...

The government aims to increase defense spending to at least 3 percent of GDP this year ... with US$18.76 being approved during Trump’s first term from 2017 to 2021, Lai said. Taiwan will accelerate ...