It is President Donald Trump’s wont to declare national emergencies, whether a given situation warrants it or not, but the ...

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the 2025 fiscal year — the second highest ...

Defense Secretary Pete Hegseth signed a memorandum Thursday outlining $5.1 billion in cuts to Department of Defense spending ...

Defense Secretary Pete Hegseth said the cuts will bring the total number of cut spending to "nearly $6 billion." ...

Europe’s top banking supervisor warned against using capital rules to win lenders’ support for the region’s bid to turbo ...

The defense secretary said the cuts include contracts worth $1.8 billion for consulting services from private firms.

In his new role, as the senior military adviser to Mr. Trump and Defense Secretary Pete Hegseth, General Caine will take over ...

WASHINGTON — Republicans narrowly got their budget plan over the finish line. Now comes the hard part.

Such was the theme embraced by the top enlisted leaders of DOD's six branches of service during a House Appropriations ...

Senate Republicans are deeply divided over demands by House conservatives to cut at least $1.5 trillion, and possibly more, from the federal budget over the next decade, putting Senate Majority Leader ...

U.S. Defense Secretary Pete Hegseth has ordered the termination of several information technology services contracts valued ...