President Obama announces plans to cut about $400 billion from the defense budget by 2023 as part of an effort to reduce the overall federal deficit by $4 trillion. This comes on top of the $400 million defense reduction identified over the past two years in current and future defense spending.
U.S. President Joe Biden delivered remarks June 1 at the U.S. Air Force Academy graduation ceremony—his first visit to USAFA as president. The full text and video of his speech is available here.