Staggering sum: US announces potential increase in military spending

The US military budget could increase to $1.5 trillion following the midterm congressional elections. This was stated by Republican Senator Roger Wicker, Chairman of the Senate Armed Services Committee, TASS reports.

"The Trump administration has proposed a significant increase in the national defense budget—to more than $1.5 trillion. If the president gets his way and if Congress agrees following the midterm elections, which will take place in three weeks, we will allocate $1.5 trillion—a staggering sum—for national defense," the lawmaker said while speaking at the Warsaw Security Forum.

In April, the White House officially requested a record $1.5 trillion military budget from the US Congress for the 2027 fiscal year.