Defense Spending & Budget News

VIDEO 15 mins ago

Trump announces 'Golden Dome' missile shield, praises 'supertechnology' defense

President Donald Trump and Defense Secretary Pete Hegseth announce a 'Golden Dome' missile shield and answer reporters' questions about the 'supertechnology' system from the Oval Office.

VIDEO 1 hour ago

Trump to give update on 'Golden Dome' missile defense after Space Force's talks for increasing budget

Fox News chief national security correspondent Jennifer Griffin has the latest on President Donald Trump's upcoming 'Golden Dome'-related announcement on 'America Reports.'

Pentagon 1 day ago

Republicans demand probe into DOD’s taxpayer-funded charges at casinos, bars and nightclubs

Sen. Joni Ernst and Rep. James Comer urge GAO review of federal charge card misuse, highlighting systemic oversight failures and risky transactions at the Department of Defense.

Congress May 5

Republicans squabble over Trump spending plan as Fiscal Year 2026 looms: 'Stay until we pass it'

The new Trump administration's first budget request comes with expectations of staggering spending cuts – and not all members of his party are on board.

VIDEO May 4

Rep. Kevin Hern reveals reason for reconciliation package

Rep. Kevin Hern, R-Okla., discusses the latest as congressional committees make their markups to the reconciliation package, tax policy, Medicaid benefit concerns, and defense spending.

VIDEO May 2

Trump, GOP push for major reduction of government spending in new budget plan

Fox News senior congressional correspondent Chad Pergram has the latest on President Donald Trump and Republican lawmakers working to reduce government spending despite criticism from Democrats on ‘Special Report.’

Politics May 2

Top 5 most outrageous ways the government has wasted your taxes, as uncovered by Elon Musk's DOGE

As President Donald Trump celebrated his 100th day in office this week, Elon Musk's DOGE said it has cut at least $160 billion in waste, fraud and abuse in the federal government.

Donald Trump May 2

House Freedom Caucus embraces Trump budget proposal 'paradigm shift'

The House Freedom Caucus described President Donald Trump's budget proposal as "a paradigm shift," and members of the caucus are embracing the president's request.

Armed Forces May 2

Top Senate Armed Services Republican says Trump OMB's budget 'shreds to the bone' military capabilities

Top Republican on the Armed Services Committee Sen. Roger Wicker, R-Miss., accused OMB of trying to "shred to the bone" U.S. military capabilities" with new budget.

Defense Spending & Budget News May 2

Billions spent, warfighters wait: Inside the Pentagon’s broken buying system and the plan to fix it

The Army's tech chief laid out his plans to solve a decades-long problem at the Pentagon: acquisitions that lag behind technological changes and fail to modernize the military.

VIDEO May 2

Defense and economics expert explains Pentagon's 'aversion' to cutting outdated weapons systems

Abigail Blanco, a University of Tampa professor, says defense contractors face "small penalties" for going over-budget and lawmakers are reticent to cut old weapons systems, leading to waste at DOD.

DOGE April 29

DOGE, Treasury discover $334M in improper payment requests due to foul codes

The Treasury Department and DOGE discovered $334 million in improper payment requests that were flagged because of budget codes that were missing, invalid or unauthorized.

VIDEO April 27

US Ambassador to NATO on Trump trade negotiations: 'He is the consummate dealmaker'

U.S. Ambassador to NATO Matthew Whitaker discusses his priorities as ambassador to the alliance, NATO urging its members to increase defense spending and trade negotiations.

Pentagon April 21

Ex-Pentagon aide urges Trump to fire Hegseth, citing 'full-blown meltdown' and 'total chaos'

Amid a wave of Pentagon turmoil and internal firings, former top spokesman John Ullyot called on President Trump to remove Defense Secretary Pete Hegseth.

VIDEO April 20

GOP lawmaker argues for ‘responsible reform’ of Pentagon spending

Rep. Jen Kiggans, R-Va., discusses President Donald Trump’s initiative to reform the Pentagon and cut wasteful spending in the department on ‘Fox News Live.’

Texas April 14

DOT saves taxpayers over $60M by terminating Texas high-speed rail contract

Department of Transportation Secretary Sean Duffy announced Monday that $60 million-plus grant to develop a high-speed rail corridor in Texas has been terminated.

VIDEO April 14

China has been 'waging' a trade war with the US for decades: Sen. Tom Cotton

Sen. Tom Cotton, R-Ark., breaks down China's 'aggression' in its relationship with the United States and advocates for a greater defense budget on 'One Nation.'

VIDEO April 9

Trump signs executive orders after hiking tariffs on China, pausing on others

President Donald Trump signs executive orders aimed to deregulate a range of industries and takes questions from reporters after a tariff pause on countries other than China.

Donald Trump April 8

Trump, Hegseth reveal whopping figure they want for the next Pentagon budget

U.S. military spending would reach a record high under President Donald Trump and Defense Secretary Pete Hegseth's $1 trillion budget proposal for 2026.

Africa April 7

DOGE cuts $51M from US African Development Foundation, including $229K to market shea butter

DOGE announced $51 million in cuts form the U.S. African Development Foundation that was going toward things like shea butter marketing in Burkina Faso.

Coast Guard April 7

DOGE helps Coast Guard save nearly $33M by eliminating 'ineffective IT program'

The Coast Guard will eliminate an "ineffective IT program," saving the service $32.7M. Homeland Security Secretary Kristi Noem called it "Another win for government efficiency at DHS!"

VIDEO April 3

Price of peace: Rubio calls for increase in NATO defense spending from Europeans

Fox News senior national correspondent Rich Edson reports on the highlights of Secretary of State Marco Rubio's push for peace in Brussels on 'Special Report.'

VIDEO April 3

Rubio says NATO nations must commit to spending 5% GPD on defense

Secretary of State Rubio said the threat posed by active war in Europe means NATO nations including the U.S. must establish a "pathway" to spending 5% of their GDP on defense.

Veterans April 2

DOGE uncovers VA’s agreement to pay $380K per month for minor website modifications

DOGE discovered the Department of Veterans Affairs had a contract to have a company make minor modifications to the website for about $380K.

National Security March 31

US 'golden dome' back in play as 'insurance policy' decades after Reagan's Cold War-era proposal

The United State needs to invest in a Golden Dome defense system to prevent a nuclear electromagnetic pulse (EMP) strike from crippling the country, an expert warned.

VIDEO March 30

Golden Dome could protect US of 'existential threat' of EMP attack, expert says

William R. Forstchen, Ph.D., a military historian and college professor, discussed electromagnetic pulse (EMP) weapons with Fox News Digital.

Military Tech March 27

Marine Corps bets on electric seagliders 'invisible' to enemy radar for medevac missions at sea

Regent scored another $10 million contract with the Marine Corps Warfighting Lab for its all-electric seaglider plane on Wednesday as U.S. defense policy shifts focus to oceanic theaters.

Defense Spending & Budget News March 26

DOGE slashes billions more in expenses for programs like Peruvian climate change and gender equity in Mexico

DOGE announced it slashed 113 contracts valued at $4.7 billion for $3.3 billion in savings for programs like climate change in Peru and gender equity in Mexico.

Politics on Late Night March 22

Bill Maher calls out Elon Musk, DOGE for not taking 'chainsaw' to defense spending

HBO's Bill Maher slammed Elon Musk and DOGE for not targeting US defense spending in their effort to cut government waste, calling the Pentagon's budget "the biggest bloat of all."

MLB March 21

Stephen A Smith challenges Trump, Vance, Hegseth to debate after Jackie Robinson story deleted from DOD site

Stephen A. Smith blasted the Trump administration for making "a concerted effort" to "scrub history" after a Jackie Robinson story was deleted from the Pentagon's site.