Trump's Defense Spending Surge

Benzinga

Trump proposed a fiscal 2027 budget raising defense spending 44% to $1.5T while cutting non-defense discretionary programs by 10%. Major cuts include 52% for the EPA, 19% for the Agriculture Department, and 12.5% for Health. The plan boosts immigration enforcement and raises the Justice Department budget by 13%. Social Security and Medicare are excluded. Congressional approval is required.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02President Trump proposed a fiscal 2027 budget that raises defense spending by about 44%

00:08to $1.5 trillion from about $1 trillion in 2026 and cuts non-defense discretionary programs by

00:1610%, according to a White House document. The plan adds about $500 billion to military spending

00:22and offsets it with reductions across housing, agriculture, healthcare, and environmental

00:27programs. The proposal includes major cuts of 19% reduction for the Agriculture Department,

00:33a 12.5% cut for the Health Department, and a 52% cut for the Environmental Protection Agency.

00:40It increases funding for immigration enforcement and boosts the Justice Department by 13% for

00:46violent crime. The plan excludes changes to Social Security and Medicare and requires

00:51congressional approval. For all things money, visit Benzinga.com.

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