The Department of War has released President Donald Trump's massive Defense Budget, which proposes to raise total defense-related spending to $1.5 trillion for Fiscal Year 2027.
The largest request in the post-WWII era, the budget aims to strengthen U.S. military readiness against threats from Iran, China and Russia.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.