Defense Secretary Pete Hegseth has ordered the military to prepare plans to make drastic budget cuts over the next five years, with an exception for border security, according to a new memo ...

Defense Secretary Pete Hegseth reportedly asked Pentagon officials Tuesday to draw up plans to slash defense spending for each of the next five years — as the department became the latest target ...

Record defense spending and geopolitical tensions make it an ideal time to invest in the defense sector, particularly through the Global X Defense Tech ETF. SHLD offers diversified exposure to top ...

Feb. 19 (UPI) --Defense Secretary Peter Hegseth has ordered senior military and civilian Pentagon officials to cut 8% from the Defense budget over each of the next five years. Hegseth's memo ...

Taiwanese President Lai Ching-te has pledged to raise the budget for defense to 3 percent of the GDP. Lai’s pledge takes place at a time of substantial budget cuts pushed for by the Kuomintang ...

White House officials are considering severe cuts to the military budget in coming years. Any proposed cuts would fall to the Republican-led Congress to approve. (Pablo Martinez Monsivais/AP ...