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 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.S. adversaries to cut their defense spending while also getting them to commit to denuclearization.
FM responds to Trump’s proposal to meet with Chinese, Russian leaders to discuss reducing nuclear weapons, cutting defense spending
Chinese Foreign Ministry spokesperson Guo Jiakun on Friday responded to reports that US President Donald Trump said on Thursday that he wants to meet with Chinese, Russian leaders to discuss reducing nuclear weapons and cutting defense spending.
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. “We’re going to spend a lot less money,” said Trump at a news conference addressing the potential outcome of talks with Russia and China.
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 ...
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 ...
Starmer told his defence budget ‘won’t touch the sides’
Military chiefs have warned Sir Keir Starmer that the Government’s defence spending plans “won’t touch the sides”, Whitehall ...
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House Budget Resolution Includes $100B Defense Funding Boost
Read about the House's proposed budget plan that would increase defense funding by $100 billion and raise the debt limit by ...
Trump budget bill survives key hurdle despite House Republican infighting
House Republicans advanced a bill that includes a $4 trillion increase in the debt limit and a $1.5 trillion cut in ...
UK Military Chiefs Warn Treasury 2.5% Spending Goal Falls Short
UK defense chiefs have privately warned the government that plans to raise military funding to 2.5% of economic output won’t ...
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 ...