Macro Finance
Trump’s $1.5 Trillion Defense Budget to Be Blocked by Democrats
Bloomberg Markets·November 8, 2026·1 min read
Republicans' midterm defeat is crushing hopes that Congress will approve President Donald Trump's unprecedented $1.5 trillion defense budget request amid an unpopular war in the Middle East. Democrats are expected to block the proposal, signaling a major setback for the administration's military spending plans.
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