The White House submits budget for fiscal year 2027, with defense spending reaching $1.5 trillion

The White House has submitted a budget proposal to Congress for the fiscal year 2027, with a defense budget of $1.5 trillion, an increase of approximately $445 billion from the previous fiscal year. The budget document shows that approximately $1.15 trillion is discretionary spending, with at least $350 billion allocated for expanding the defense industrial base. The budget includes increasing ammunition inventory, advancing the "Golden Dome" missile defense system, investing in key mineral resources and supply chains, allocating approximately $65.8 billion for shipbuilding projects, and planning to build 41 ships. The document states that the scale of defense spending this time is close to the historic growth level before World War II, in order to address global security threats and enhance the readiness and combat capabilities of the US military.