President Donald Trump said his administration had approved a defense budget in the “vicinity” of $1 trillion.
“We are very cost conscious but the military is something that we have to build and we have to be strong because you have a lot of bad forces out there now,” Trump said at the White House on Monday during a meeting with Israel’s Prime Minister Benjamin Netanyahu.
Trump added his administration will approve a budget that will be “the biggest one we’ve ever done for the military.”
Defense Secretary Pete Hegseth followed up with a post on social media platform X: “COMING SOON: the first TRILLION dollar @DeptofDefense budget. President @realDonaldTrump is rebuilding our military — and FAST.”
The Trump administration has yet to release the budget request for fiscal year 2026 as the government is operating under a stopgap funding measure for this year. The budget blueprint is not expected until later this spring.
Former Defense Secretary Lloyd Austin recommended the US government boost defense spending by about $50 billion more than projected in fiscal year 2026 with increases that would push the Pentagon budget past $1 trillion in the years to come.
Hegseth has also been among the most vocal supporters of Elon Musk’s Department of Government Efficiency cost-cutting efforts, and the Pentagon, with a budget totaling $850 billion a year and some 2 million employees, is the government’s biggest.
The secretary in February directed reducing some unspecified Pentagon and military services spending categories by 8% and shifting those dollars to higher priority programs such as missile defense.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.