05:45 PM EST, 01/07/2026 (MT Newswires) -- US President Donald Trump called for a 50% increase in US defense spending to $1.5 trillion for 2027 in a Truth Social post on late Wednesday.
Trump said the boost would allow the country to build a "Dream Military" while maintaining national security.
Trump added that tariff revenue could fund the increase, reduce the national debt, and benefit moderate-income Americans.