Newly minted Chancellor Friedrich Merz secured a coalition deal this week that opens the door to unlimited defense spending.

In this edition of the "Hot Seat" political analyst Scott Mitchell talks to Mike Murphy, senior vice president and chief of staff for the Committee for a Responsible Federal Budget, about the national ...

President Donald Trump held a Cabinet meeting with his top officials, including Secretary of State Marco Rubio and Defense ...

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 ...

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

MICHAEL KIMMAGE is Professor of History at the Catholic University of America and the author of The Abandonment of the West: ...

Investors are looking for winners as government officials inch closer to a defense budget, and Huntington Ingalls (NYSE: HII) looks like a potential winner. Shares of the shipbuilder are trading up 5% ...

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

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

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.

Republicans and Democrats and top military brass underscored in hearings Wednesday and Thursday that much of the budget must ...