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Accounting | April 8, 2025

Trump Administration Wants $1 Trillion Budget for Defense, Cuts to Social Security

President Donald Trump said his administration had approved a defense budget in the “vicinity” of $1 trillion.

Roxana Tiron
Bloomberg News (TNS)

WASHINGTON — President Donald Trump said his administration had approved a defense budget in the “vicinity” of $1 trillion.

“We are very cost conscious but the military is something that we have to build and we have to be strong because you have a lot of bad forces out there now,” Trump said at the White House on Monday during a meeting with Israel’s Prime Minister Benjamin Netanyahu.

Trump added his administration will approve a budget that will be “the biggest one we’ve ever done for the military.”

Defense Secretary Pete Hegseth followed up with a post on social media platform X: “COMING SOON: the first TRILLION dollar @DeptofDefense budget. President @realDonaldTrump is rebuilding our military — and FAST.”

The Trump administration has yet to release the budget request for fiscal year 2026 as the government is operating under a stopgap funding measure for this year. The budget blueprint is not expected until later this spring.

Former Defense Secretary Lloyd Austin recommended the U.S. government boost defense spending by about $50 billion more than projected in fiscal year 2026 with increases that would push the Pentagon budget past $1 trillion in the years to come.

Hegseth has also been among the most vocal supporters of Elon Musk’s Department of Government Efficiency cost-cutting efforts, and the Pentagon, with a budget totaling $850 billion a year and some 2 million employees, is the government’s biggest.

The secretary in February directed reducing some unspecified Pentagon and military services spending categories by 8% and shifting those dollars to higher priority programs such as missile defense.

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(With assistance from Tony Capaccio.)

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©2025 Bloomberg L.P. Visit bloomberg.com. Distributed by Tribune Content Agency, LLC.

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