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.
For comments and feedback contact: editorial@rttnews.com
Political News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.