Trump proposes massive increase in 2027 defense spending to $1.5 trillion
President Trump is proposing increasing military spending by more than 50%, citing "troubled and dangerous times."
Last updated: 2026-01-09 07:34:10 ET
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President Trump is proposing increasing military spending by more than 50%, citing "troubled and dangerous times."
President Donald Trump is proposing setting U.S. military spending at $1.5 trillion in 2027, citing “troubled and dangerous times.”
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Being able to strategically raise capital by having shares ready to issue was one of the secondary reasons Lee gave for the proposal.