Budget

The Pentagon’s cost estimate for its operations against Iran has risen to $30 billion, the director of the Office of Management and Budget told Congress on June 30, as he offered almost no new details on the White House’s supplemental funding request that includes $67.1 billion for the Department ...
The annual defense budget is prepared by the Department of Defense, reviewed by the White House Office of Management and Budget, and then submitted to Congress. Yet it is Congress that has the final say. The House and Senate must...

WORLD: Budget

June 18, 2026
Inside the $1.5T Budget Request By Greg Hadley, Matthew Cox, Steve Losey The Trump administration’s record-breaking $1.5 trillion defense budget request for fiscal 2027 would represent a $441 billion increase over the fiscal 2026 budget, a 44 percent jump that...
China’s rise, Iranian terror, and Russian belligerence point to the enduring need for deterrent airpower. Scale matters. The U.S. Air Force may not need to match China plane for plane, but it cannot continue to shrink to a shadow of its former size. Airpower is ...