Trump Proposes $1.5 Trillion Defense Budget for FY 2027

The White House released President Donald Trump's proposed budget for fiscal year 2027 on Friday, requesting a record $1.5 trillion for defense spending while calling for a 10 percent reduction in non-defense discretionary funding. The plan, submitted to Congress amid the ongoing U.S.-Israeli military campaign against Iran, represents a 42 percent increase in military allocations from the previous year's $1 trillion level and marks the largest such request in U.S. history.

The budget prioritizes replenishing munitions stockpiles depleted by the conflict, which began in late February and has now entered its second month. Officials cited the need to sustain operations, including countering Iranian missile and drone attacks on Israel and U.S. bases in the Gulf region. Specific requests include nearly $2 billion for Precision Strike Missiles, up from $546 million in fiscal 2026, as well as funding for Terminal High Altitude Area Defense systems, High Mobility Artillery Rocket Systems, and Mid-Range Capability missiles. The proposal also allocates resources for shipbuilding, such as Virginia-class submarines, F-35 jets, and a new Golden Dome missile shield program. Additionally, it...