US debt ceiling, gov shutdown and Speaker of the House fight

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Republicans Say White House Budget Proposal Amounts to a Cut in Defense Spending​

Republican lawmakers are calling the White House’s defense budget proposal for the upcoming fiscal year an overall cut to the military following Friday’s release of the so-called skinny budget.

While the White House is claiming that the Fiscal Year 2026 proposal would include the first $1 trillion defense budget, Republicans on Capitol Hill say that number includes dollars from the current reconciliation proposal and argue that accounting does not add up to the defense spending they want to see from the new administration.

A White House document reviewed by USNI News said that the Trump Administration’s budget will seek a $113.3 billion increase to the Defense Department’s topline and specifically cites shipbuilding and recapitalizing nuclear deterrence as priorities.

More:

 
Back
Top Bottom