Trump calls for $1.5tn military budget in 2027
President Donald Trump said on Wednesday the 2027 US military budget should be $1.5 trillion, significantly higher than the $901 billion approved by Congress for 2026, boosting defence stocks, but sparking scepticism among budget experts.
Any such increase in the military budget would require congressional authorisation, which could pose a challenge, although Trump's Republicans, who hold slim majorities in both the Senate and House of Representatives, have shown little appetite for objecting to Trump's spending plans.
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