financetom
Economy
financetom
/
Economy
/
US looks at 8% defense budget cut in each of next 5 years, Washington Post reports
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US looks at 8% defense budget cut in each of next 5 years, Washington Post reports
Feb 19, 2025 12:34 PM

WASHINGTON (Reuters) - The administration of President Donald Trump has ordered senior leaders at the Pentagon and throughout the U.S. military to develop plans for 8% cuts to the defense budget in each of the next five years, The Washington Post reported on Wednesday, citing a memo and officials familiar with the matter.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump will swear in Warsh on Friday to lead US Federal Reserve
Trump will swear in Warsh on Friday to lead US Federal Reserve
May 22, 2026
WASHINGTON, May 21 (Reuters) - U.S. President Donald Trump will swear in Kevin Warsh as the chair of the Federal Reserve on Friday at the White House, the Trump administration said on Thursday. Warsh was confirmed to the role in a near party-line vote on May 13. He succeeds Jerome Powell as the chair of the central bank, though Powell's...
Warsh takes over Fed with a policy problem already in view
Warsh takes over Fed with a policy problem already in view
May 22, 2026
WASHINGTON, May 22 (Reuters) - Kevin Warsh, whose broad criticism of current U.S. Federal Reserve officials, playbook for rate cuts and ties to President Donald Trump elevated him past other contenders to lead the central bank, will be sworn in as Fed leader Friday at a pivotal moment for monetary policy and the American economy. An unfolding boom in artificial intelligence...
Anew Climate Expands Carbon Market Capabilities in Singapore
Anew Climate Expands Carbon Market Capabilities in Singapore
May 22, 2026
HOUSTON, TX / ACCESS Newswire / May 21, 2026 / Anew Climate today announced the expansion of its carbon market capabilities in Singapore, supported by the Singapore Economic Development Board (EDB)'s Carbon Project Development Grant, marking a strategic step in the company's continued growth across global carbon markets. The grant follows Anew's recent announcement of the opening of its Singapore...
Nomura pivots away from Fed rate cuts in 2026 as inflation risks linger
Nomura pivots away from Fed rate cuts in 2026 as inflation risks linger
May 22, 2026
May 22 (Reuters) - Nomura has joined a growing chorus of brokerages expecting the U.S. Federal Reserve to hold interest rates steady in 2026, citing persistent inflation and skepticism that policymakers will rally behind rate cuts. Fed officials are increasingly worried that the war in Iran could add to inflationary pressures, with a growing number open to raising interest rates...
Copyright 2023-2026 - www.financetom.com All Rights Reserved