Defense Secretary Pete Hegseth said the funds will be pulled from 'so-called "climate change" and other woke programs.' ...

Investors are probably better off not overreacting to daily news headlines. Then again, certain headlines and resulting declines in stock prices can set up entry points for long-term investors.

As the Pentagon and Elon Musk’s Department of Government Efficiency set their sights on climate-related programs at the ...

Defense Secretary Pete Hegseth has directed the military services to identify $50 billion in programs that could be cut next year in order to redirect those savings to fund President ...

The Pentagon expected cuts are a fraction of the 50,000 job losses anticipated but they might not be the last.

Hegseth took another step in distancing the Department of Defense from the ideologies and policies of the previous ...

Robert Salesses, who is performing the duties of deputy secretary of defense, said in a statement Wednesday evening that the department intends to produce budgets "that revive the warrior ethos ...

Defense Secretary Pete Hegseth has ordered the military to prepare plans to make drastic budget cuts over the next five years ...

a statement from Pentagon spokesman Robert Salesses said. Hegseth ordered the proposed cuts to be drawn up by Monday, according to a memo. "The time for preparation is over. We must act urgently ...

In the memo, Hegseth outlines cuts that are twice as severe as the sequestration budget reductions imposed in 2013 — the last major cuts to the Defense Department — and equivalent to double the amount ...

In a statement late Wednesday, Robert Salesses, who is performing the duties of deputy secretary of defense, said “the time for preparation is over" and “excessive bureaucracy" and programs ...