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Lloyd Austin, Bloomberg and defense spending
Lloyd Austin recommends a $50 billion increase in defense spending
Defense Secretary Lloyd Austin is recommending that the incoming administration spend $50 billion more on defense than President Joe Biden requested. Austin’s five-year spending plan includes a projection to spend as much as $1 trillion on defense as soon as 2028.
Austin recommends $50 bln boost above US 2026 defense spending projections, Bloomberg News reports
Outgoing U.S. Defense Secretary Lloyd Austin has recommended a boost in defense spending by about $50 billion more than the current 2026 projections, a move that could push the defense budget beyond $1 trillion in the coming years,
Austin Recommends $50 Billion Boost Above US 2026 Defense Spending Projections, Bloomberg News Reports
(Reuters) -Outgoing U.S. Defense Secretary Lloyd Austin has recommended a boost in defense spending by about $50 billion more than the current 2026 projections, a move that could push the defense budget beyond $1 trillion in the coming years, Bloomberg News reported on Monday.
Government Executive
58m
‘I know what I don’t know,’ defense secretary pick says at confirmation hearing
At the hearing, Democrats questioned Hegseth’s bona fides—he has no experience leading a large organization—and his fitness ...
Stars and Stripes
1d
Austin tells OMB $926 billion defense budget needed, $55 billion over current plan
Austin recommended that OMB leave Trump’s incoming administration a proposed five-year defense plan that starts with $926.5 ...
1d
on MSN
Outgoing US defence secretary Lloyd Austin proposes to push budget beyond $1 trillion
Outgoing US Defence Secretary Lloyd Austin proposes increasing defence spending by $50 billion for 2026, potentially pushing ...
1h
Hegseth confirmation cannot be 'stalled,' must be confirmed Monday: GOP lawmaker
Ind., tells reporters Defense Secretary Lloyd Austin 'embarrassed America' and Pete Hegseth needs to 'clean up' on Day 1.
6d
Lloyd Austin departures for last trip to Ramstein meeting as US secretary of defense
US Secretary of Defense Lloyd Austin has departed for Germany to attend the 25th meeting of the Ukraine Defence Contact Group ...
4d
on MSN
US announces $500M in military aid for Ukraine as defense secretary says ‘Putin’s desperation’ is showing
The latest aid package, drawn from existing weapons and equipment stockpiles within the Department of Defense, will provide ...
4d
on MSN
Zelenskyy and Austin use their final meeting to press Trump to keep supporting Ukraine
Ukrainian President Volodymyr Zelenskyy and U.S. Defense Secretary Lloyd Austin used their final meeting in Germany to press ...
5d
on MSN
The Lloyd void: Ukraine group wrestles with future after Austin leaves
Formed in the aftermath of Russia’s full-scale invasion in 2022, the Ukraine Defense Contact Group has ballooned to 50-plus ...
6d
US troops need to stay in Syria to counter the Islamic State group, Austin says
Defense Secretary Lloyd Austin told The Associated Press that the U.S. needs to keep troops deployed in Syria to prevent the ...
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United States Secretary of Defense
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