Trump proposes $1.5 trillion military budget for 2027

President Trump proposed raising the 2027 U.S. military budget to $1.5 trillion, a $600 billion increase, and signed an executive order focused on reviewing defense contractors while not explicitly capping executive pay or banning buybacks.

President Trump announced a proposal to raise the U.S. military budget for 2027 to $1.5 trillion, an increase of about $600 billion from earlier plans. The announcement came alongside an executive order that the administration described as a review of defense contractors. The article places the proposal in the context of recent U.S. actions and rhetoric abroad, including threats related to Venezuela and Greenland. Officials and the White House did not provide detailed implementation plans on which programs or branches would receive the added funds. Key details: - The proposal increases the planned military budget from roughly $1 trillion to $1.5 trillion for 2027, a $600 billion rise. - The article reports that the president said tariff revenue could cover the increase; government estimates cited in the piece put U.S. tariff receipts at just over $200 billion in 2025, while an outside estimate put proposed $2,000 rebate checks at roughly $600 billion a year. - The executive order signed on Wednesday is described as a review of underperforming defense contractors, but it did not include explicit caps on executive pay or a direct ban on stock buybacks and dividends. - The article mentions the president singled out Raytheon and threatened to cancel contracts if the company did not meet production and compensation directives; it also notes a small dip in defense stocks before trading closed when the announcement was made. Summary: The proposed $1.5 trillion military budget represents a large increase that the article compares, in scale, to peak U.S. defense spending in past eras. Details about which programs would get funding and how proposed limits on contractor pay or buybacks would be enforced are not specified, and the timeline for implementation is undetermined at this time.