House panel advances $1.1 trillion defense spending bill with Department of War name change

House panel advances $1.1T bill renaming Defense Department to Department of War

The House Appropriations Committee has advanced its 1.1 trillion defense spending bill for fiscal 2027, legislation that includes a provision to rename the Defense Department as the Department of War. The bill advanced out of committee Wednesday on a 34-27 party-line vote, handing President Trump a third win in his bid to officially rename the []...Click to read more

Defense Appropriations Spending Increase Must Be Offset to Protect Taxpayers

By David Timmons.

France’s National Assembly approves hike in military budget

Total defense spending under the 2024-2030 program will now increase from 400 to 436 billion euros

(EDITORIAL from The Korea Herald on June 23)

The annual US defense bill recently submitted to the full Senate by the Senate A...

Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), And RTX (NYSE: RTX) Emerge As Top Defense Picks Amid Record Budget Tailwinds

Defense stocks occupy a rare position in today’s market, where geopolitical anxiety, fiscal generosity, and multi-year revenue visibility converge simultaneously. The Department of War’s Fiscal Year 2027 investment request totals 756.8 billion, with President Trump declaring the military budget “should not be 1 Trillion Dollars, but rather 1.5 Trillion Dollars.” Goldman Sachs has framed economic [] The post Lockheed Martin (NYSE: LMT), Northrop Grumman (NYSE: NOC), And RTX (NYSE: RTX) Emerge As Top Defense Picks Amid Record Budget Tailwinds appeared first on Foreign Policy Journal.

War pause eases pressure on FY27 fiscal deficit target as govt sees improving outlook

The latest fiscal accounts nevertheless reflect the impact of front-loaded government spending.

NBC News: Pentagon Almost Broke, “Running Out of Money”

The Defense Department has blown so much money on President Trump’s unconstitutional war on Iran that the Pentagon’s bank accounts are almost empty. ... The post NBC News: Pentagon Almost Broke, “Running Out of Money” appeared first on The New American.

Pentagon Argues Budget Bill Is Critical for National Defense. Will the Senate Go for It?

Pentagon Argues Budget Bill Is Critical for National Defense. Will the Senate Go for It?

$37B Leak: Florida Lawmakers New Bill Forces Nationwide Crackdown On Medicaid Waste, Fraud

A new legislative push in Washington is targeting billions of dollars in improper government spending by tightening rules on how states track Medicaid funds. Senate Committee on Aging Chairman Rick Scott and U.S. Representative Gus Bilirakis introduced the Medicaid RAC Improvement Act of 2026, a bicameral bill designed to force all states to participate in [] 37B Leak: Florida Lawmakers New Bill Forces Nationwide Crackdown On Medicaid Waste, Fraud

House votes to release sexual misconduct settlement data

Lawmakers on Tuesday adopted a proposal led by Rep. Thomas Massie aimed at publicly naming House members who paid out sexual misconduct settlements using taxpayer dollars. The issue has become a rallying cry in recent months, as some call for ...

Why the new US housing bill won’t fix the crisis

Why the new US housing bill won't fix the crisis.

Illinois lawmakers sandwich in less crucial bills

Not all of the nearly 3,100 bills introduced this year in Springfield aim at top voter concerns. The post Illinois lawmakers sandwich in less crucial bills appeared first on Illinois Policy.

Who would pay for Trump's proposed $300 billion Iran reconstruction fund?

It's still unclear who would fund a proposed 300 billion reconstruction plan for Iran. Former National Security Adviser Jake Sullivan called the whole approach something entirely new.

Normative shift in fiscal federalism

Fiscal issues. 16th Finance Commission’s stress on States’ contribution to national GDP could widen inter-State disparities

$300 billion fund to Iran in spotlight as Rubio begins meetings with Gulf allies

US regional allies are especially concerned that Iran could use the proposed 300 billion reconstruction fund to rebuild its military.

LAU: Federal government’s footprint growing despite declining headcount

Since 2015, the federal public service headcount is still up 34.3.

The Housing Bill Sitting On Trump's Desk Isn't The Game-Changer Many Hoped — Or Feared

The federal housing bill stalled on President Donald Trump’s desk is the most significant housing policy in a generation. But while it is a step toward expanding supply, the 21st Century Road to Housing Act will not be a game-changer for the commercial...

The real cost of the Iran War: $103 billion in 120 days

Testifying before the House Appropriations Committee last week, Director of the Office of Management and Budget Russell Vought said the US had spent 30 billion on the Iran War.

Ilhan Omar aims to hamstring Trump in dealing with Foreign Terrorist Organizations * WorldNetDaily * by Pedro Rodriguez, The Daily Signal

Source link Rep. Ilhan Omar, D-Minn., at an event July 7, 2020, in Minnesota Democrat Minnesota Rep. Ilhan Omar is seeking to amend the National Defense Authorization Act to potentially

Albania to raise defense spending

The Albanian government plans to increase defense spending by an additional 10.3 billion leks (approximately 109.5 million) under its updated 2026 budget, raising total military expenditure to around 2.6 of GDP, AzerNEWS reports.

Congress is finally set to pass a housing bill: Here's what it would do

Congress is on the verge of passing a bipartisan housing package after months of often tense negotiations between House and Senate Republicans, a significant achievement that lawmakers in both parties are eager to tout back home. The bill, titled the 21st Century ROAD to Housing Act, would roll back some permitting regulations and limit corporations...

Another $88 Billion for the Iran War? Fund Human Needs, Instead.

Our tax dollars should be supporting families at home, not bombing them abroad. The post Another 88 Billion for the Iran War? Fund Human Needs, Instead. appeared first on Institute for Policy Studies.

America's Interest Bill Is Now Bigger Than the Pentagon's Budget

America's Interest Bill Is Now Bigger Than the Pentagon's Budget

Major bills loom as Delaware lawmakers face final day of session

As the final day of the 2026 legislative session approaches on Tuesday, several bills face uncertain futures, including a slate of property tax reforms and legislation that seeks to rein in healthcare costs. Also pending is the state’s perennially contentious capital budget that would distribute nearly 1.26 billion dollars to state building projects. The post Major bills loom as Delaware lawmakers face final day of session appeared first on Spotlight Delaware.

NY Dirt: City budget ups buildings department, social services spending

New York City’s budget is finally here — let’s dive into some of the details. The battle over housing voucher expansion that once threatened to derail budget negotiations is just one controversial line item that made it into the adopted budget after Mayor Zohran Mamdani and Council Speaker Julie Menin reached a deal on citywide spending last week. A new voucher program, which will be administered by the Department of Housing Preservation and Development, received a 175 million infusion in the budget document released before the holiday weekend. HPD’s overall appropriation of 1.8 billion for fiscal 2027 is nearly 198 []This article originally appeared on The Real Deal. Click here to read the full story.

Iran Calls It War Reparations. The Trump Administration Calls It an Investment Fund.

Tehran put the bill for its bombed oil facilities, destroyed aircraft, and shattered infrastructure at 270 billion. The Trump administration's answer was to rename the payment — not reparations, but an international investment fund for American energy companies. The semantic gap is the diplomatic gap.

GOP Congressman Fumes Over Elizabeth Warren’s Housing Bill Win, “Big Government Garbage”

U.S. Representative Chip Roy (R-TX), who is running for Texas Attorney General, complained Monday about the 21st Century ROAD to Housing Act, which the Senate passed 85-5 earlier in the day. U.S. Senator Elizabeth Warren (D-MA), who voted for the housing bill, said, “This bill will boost housing supply, bring down costs, and — for []

US SEC fines BofA’s Merrill Lynch $7.5 million for not flagging enough suspicious activity

US SEC fines BofA’s Merrill Lynch $7.5 million for not flagging enough suspicious activity

The Latest: Pentagon asks Congress for roughly $80 billion to cover cost of Iran war

The Pentagon has told senators it needs roughly 80 billion, mostly to cover the cost of the U.S. war against Iran, adding to an already sizable military spending boost sought by President Donald Trump. Defense Secretary Pete Hegseth has been making the rounds on Capitol Hill ahead of a formal request. Trump will visit a [] The post The Latest: Pentagon asks Congress for roughly 80 billion to cover cost of Iran war appeared first on Loonie Politics.

The Most Underappreciated Part of the Bipartisan Housing Bill

The Most Underappreciated Part of the Bipartisan Housing Bill jay Thu, 06/25/2026 - 21:16

Following WCW Campaign, Congress Moves to Defund Pentagon’s Animal Tests with Human Fetal Tissue (UPDATED)

A White Coat Waste (WCW) investigation has exposed how the Department of Defense (DOD) is still funding multimillion-dollar, Biden-era grants that paid for disturbing experiments in which fingers, scalps, and other parts of aborted human fetuses are implanted into lab animals. Earlier this month, in immediate response to another WCW investigation, the National Institutes of [] The post Following WCW Campaign, Congress Moves to Defund Pentagon’s Animal Tests with Human Fetal Tissue (UPDATED) appeared first on White Coat Waste Project.

The Farm Bill That Forgot Food

Congress Is Writing the Next Farm Bill, But What Is It Really Trying to Protect?

Soaring Defense Spending Means Great News for These 2 Defense Stocks

Defense spending could surge by 50 in 2027, and these two companies are well positioned to benefit.

Property Tax Bills Are on the Rise. Here's What You Can Do

Property Tax Bills Are on the Rise. Here's What You Can Do

Pentagon seeks $80 billion from Congress for Iran war

WASHINGTON, June 23, (AP): The Pentagon has told senators it needs roughly 80 billion, mostly to cover the cost of the U.S. war against Iran, adding to what is already a sizable...

Warren presses Pentagon and seven AI companies to disclose military contracts

The senator has previously raised concerns about mass surveillance and possible civilian casualties as a result of AI integration into the Department of Defense

‘It’s fair to ask whether it was worth it’: The Iran war has cost Americans $1,000 per household—and that’s a conservative estimate, Mark Zandi says

Gas prices, higher interest rates, and taxpayers covering military costs are adding up to quite the bill for American households.

Pentagon Seeks Additional $80 Billion From Congress Following Iran War: Reports

Lawmakers from both parties are questioning the size of the request, while others warn that U.S. weapons stockpiles must be replenished after the conflict

Johnson unveils plan to tie SAVE America Act to annual defense bill 

Speaker Mike Johnson (R-LA) laid out a plan to break the gridlock in the House by attaching the SAVE America Act to the 1.15 trillion defense spending bill, possibly jeopardizing its path to passage on the floor. Johnson unveiled the plan Monday night as the House Rules Committee met to advance the fiscal 2027 National []