Trump calls for US military spending to rise more than 50% to 1.5tn

Trump calls for US military spending to rise more than 50% to $1.5tn President Donald Trump has called for US defence spending to be increased to $1.5tn (£1.1tn) in 2027 for what he called these very troubled and dangerous times. That would be more than 50% higher than this year's $901bn budget, which was approved by Congress in December. This will allow us to build the Dream Military that we have long been entitled to and, more importantly, that will keep us SAFE and SECURE, regardless of foe, Trump said on social media on Wednesday. In separate posts, the president said he would crack down on payouts to bosses and shareholders of major US defence contractors unless the firms speed up deliveries of armaments and build new manufacturing plants. Economists have previously warned that the gap between US spending and its income has reached unsustainable levels.