NEWYou can now listen to Fox News articles! The Pentagon’s massive $1.5 trillion budget request will face its first test Tuesday as House lawmakers quiz Department of War Secretary Pete Hegseth about the proposal in a high-stakes hearing. Democrats and some Republicans have raised concerns about the unprecedented size of the request, which would increase … Read more
Venezuela resumes commercial ties with US Fox News correspondent Steve Harrigan reports live from Caracas, discussing Venezuela’s economic reopening and renewed commercial ties with the U.S. This includes a surge in oil exports, reaching a seven-year high of 1.23 million barrels per day. The move follows the U.S. capture of Nicolas Maduro, with American Airlines … Read more
Washington — Democratic Sen. Mark Kelly of Arizona said Sunday that the Trump administration’s $1.5 trillion budget request for defense spending is “outrageous.” “They need to submit a defense budget that makes sense for the moment we’re in,” Kelly said on “Face the Nation with Margaret Brennan.” Last month, the administration released its fiscal year … Read more
Democratic Sen. Mark Kelly told “Face the Nation with Margaret Brennan” that the Trump administration’s request for a $1.5 trillion Defense Department budget is “outrageous,” adding that it’s “nearly the amount that the rest of the world pays for its defense.” Source link
Defense Secretary Pete Hegseth and Gen. Dan Caine, chairman of the Joint Chiefs of Staff, are testifying before the House Armed Services Committee on Wednesday. CBS News contributor Elliot Ackerman has the latest. Source link
The Trump administration is hoping to spend $1.5 trillion on defense next year. That’s roughly 42% more than the United States, by far the world’s most expensive military, spends now. That’s also getting close to 5% of U.S. gross domestic product. The last time the defense budget was significantly higher as a percentage of gross … Read more
U.S. utility companies are planning to invest $1.4 trillion over the next five years to help strengthen the nation’s power grid, according to a new report released Tuesday by the nonpartisan nonprofit consumer education organization PowerLines. CBS News MoneyWatch reporter Megan Cerullo has more details. Source link
U.S. utility companies are planning to invest $1.4 trillion over the next five years to update the nation’s ailing power grid as the data center boom intensifies the need for electricity. That’s according to a new report released Tuesday by the nonpartisan nonprofit consumer education organization PowerLines, which analyzed capital spending plans from 51 investor-owned utilities. A … Read more
Washington — President Trump’s budget proposal for fiscal year 2027 asks Congress for $1.5 trillion in defense spending — a 42% increase — while cutting nondefense spending by $73 billion, or 10%. The White House released the 92-page budget request on Friday, accompanied by several summaries of the administration’s key priorities across the executive branch. The … Read more
Value of family caregiving surpasses $1 trillion annually, new AARP report finds – CBS News Watch CBS News A new AARP report suggests that the economic value of family caregiving in the U.S. has surpassed $1 trillion annually. AARP CEO Dr. Myechia Minter-Jordan joins CBS News to discuss. Source link