The Pentagon Is Getting $150 Billion From the 'Big Beautiful Bill'
Despite describing himself as a "fiscal hawk," President Donald Trump asked for an additional $113 billion for the Department of Defense in his discretionary budget request. The One Big Beautiful Bill Act, which passed the House of Representatives on Thursday, appropriates $37 billion more for defense spending than Trump requested. While some of this money may go to projects integral to national security, much of it is expensive pork for defense contractors.
The bill, if passed by the Senate, would add an estimated $2.3 trillion to the federal deficit over the next decade. It would appropriate an additional $150 billion to the Defense Department's already-bloated $848 billion budget, bringing the agency's account to nearly $1 trillion in FY 2026. The additional appropriations in the bill from the Committee on Armed Services, which oversees Pentagon spending, span 37 pages, 16 sections, and 232 items.
In the air, over $500 million will go to Air Force exercises in the Pacific, a rather expensive way to saber-rattle with China. Nearly $1 billion will be allocated to "accelerate" production of the FA/XX aircraft and the F-47, which Trump touted as the "Next Generation Air Dominance" platform that will be "the most advanced, capable, and lethal aircraft ever built." But investing this much in another manned aircraft seems anachronistic while appropriating more than $10 billion for unmanned aerial weapons systems such as General Atomics' YFQ-42A and Anduril's YFQ-44A, autonomous one-way attack systems, unmanned surface and underwater weapons systems, and other artificial intelligence and autonomous capabilities.
At sea, the federal government will allocate more than $5 billion to the American shipbuilding industrial base, which the Jones Act has hollowed out. This century-old law requires all ships transporting goods between U.S. ports to be American-built, American-owned, and crewed by U.S. citizens. The bill also appropriates a combined $16 billion for a Virginia-class submarine, two guided missile destroyers, a San Antonio–class Amphibious Transport Dock, and another amphibious assault ship. (The Navy already has 23, 75, 13, and 12 of these, respectively.) About $3 billion will be given to the Defense Department to purchase T-AO oilers to help fuel the Navy's fleet of roughly 280 ships.
The Pentagon has failed each of the seven audits it has submitted to the department's inspector general since it began doing so in 2017—more than 25 years after Congress passed a law requiring agencies to investigate their own finances, Reason's Joe Lancaster explains. While the bill has not yet been signed into law, the Senate is unlikely to alter military appropriations significantly.
Giving the Pentagon even more money while it can't account for its expenditures does not make the country safer; it rewards incompetence and waste.
The post The Pentagon Is Getting $150 Billion From the 'Big Beautiful Bill' appeared first on Reason.com.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


New York Post
22 minutes ago
- New York Post
Sen. Cory Booker mocked for cashing in on record-breaking anti-Trump Senate floor speech for new book: ‘It was a grift all along'
New Jersey Democratic Sen. Cory Booker is parlaying his marathon 25-hour speech from the Senate floor last month into a new book set to be published in November, sparking widespread mockery online. Booker's 'filibuster' oration — appropriately made on April Fool's Day — was the longest continuous speech ever given on the floor of the upper chamber, eclipsing a record set by late South Carolina Sen. Strom Thurmond in 1957. Now, less than two months later, St. Martin's Press will be publishing the book 'Stand,' intended as a companion piece to the Senate floor bloviation. 'This book is about the virtues vital to our success as a nation and lessons we can draw from generations of Americans who fought for them,' the 56-year-old lawmaker said in a statement touting his forthcoming treatise. Social media immediately erupted with scorn after the announcement, with hundreds of comments ripping Booker and questioning his motives in attempting to profit from the record-breaking monologue. 'It was a grift all along,' one observer wrote. 'I can't wait not to read this,' an X commenter quipped. 'Those poor trees,' said another. 'Rebel without a cause. Or a clue,' another user chimed in. New Jersey Sen. Cory Booker railed against the Trump administration in a record-breaking 25-hour Senate floor speech last month. AP The former Newark mayor's day-long screed was little more than a protracted airing of grievances against Trump, in which he railed against virtually every policy position of the administration, from Social Security and Medicaid to free speech, public education, Elon Musk and even the president's tongue-in-cheek musings about Canada becoming the 51st US state. He compared the moment in the country under Trump's second term to the battle for women's suffrage and the civil rights movement and fanned the flames of the left-wing talking point that Trump's decisive election victory — including the first popular vote win by the GOP in 20 years — was beyond the pale. 'These are not normal times in our nation, and they should not be treated as such in the United States Senate,' Booker said. 'The threats to the American people and American democracy are grave and urgent, and we all must do more to stand against them.' Booker's upcoming book, 'Stand,' promises to be 'about the virtues vital to our success as a nation and lessons we can draw from generations of Americans who fought for them.' AP 'This is not right or left. It is right or wrong. This is not a partisan moment. It is a moral moment,' Booker said. 'Where do you stand?' The senator — who at times cried while speaking and reportedly abstained from food and water leading up to the speech to ensure he wouldn't need a bathroom break — was lauded by left-wing media outlets like the New York Times, which called the interminable anti-Trump homily 'an act of astonishing stamina.' Democratic Minority Leader Sen. Chuck Schumer (D-NY) breathlessly praised his colleague's soliloquy as a 'tour de force.' 'It's not only the amount of time that you have spent on the floor, what strength,' Schumer said, 'but the brilliance of your indictment of this awful administration that is so destroying our democracy, that is taking so much away from working people.' Ironically, as the Garden State lawmaker railed about the decline of America under Trump, one of his staffers, Kevin A. Batts, was arrested outside the Senate Galleries for carrying a gun without a license. 'Stand' will hit bookshelves on Nov. 11.
Yahoo
22 minutes ago
- Yahoo
AI Giant NVIDIA Set to Release Earnings: Expectations for the Stock
The 2025 Q1 earnings season is slowly grinding to a halt, with the bulk of S&P 500 companies already delivering their quarterly results. The period has so far been primarily positive, although commentary about the upcoming periods amid recent tariff talks has been the driving force behind post-earnings reactions. And looming large this week is beloved NVIDIA NVDA, whose recent success has been fueled by the unrelenting AI frenzy. Shares have taken a breather in 2025 so far, barely in the green and nearly matching the S&P 500's performance. Image Source: Zacks Investment Research The DeepSeek news in early January really threw the market into a tantrum, partly explaining the muted performance in 2025 so far. But we've since learned that many companies remain committed to big CapEx plans concerning their AI infrastructure buildouts, a key development to keep in mind. Let's take a closer look at what to expect from the tech titan. Analysts have lowered their EPS expectations for the quarter to be reported over recent months, with the current $0.85 Zacks Consensus EPS estimate down 7% since March, suggesting 40% year-over-year growth. Image Source: Zacks Investment Research Top line revisions have largely remained stable, with the AI favorite expected to see 63% higher sales year-over-year. The growth rates here are undoubtedly impressive, underpinned by red-hot demand stemming from its Data Center products. The Zacks Consensus estimate for Data Center sales presently stands at $38.5 billion, 70% higher than year-ago sales of $22.6 billion. The company has exceeded our consensus expectations handily regarding its Data Center results over recent periods, achieving six consecutive positive beats. Below is a chart illustrating NVDA's Data Center sales on a quarterly basis. Image Source: Zacks Investment Research Unsurprisingly, commentary surrounding China will be critical, likely dictating the post-earnings reaction. For a quick refresher, the Trump administration imposed export limits on Nvidia's H20 chip in April, which is expected to cost the company $5.5 billion in charges. But while the China picture may be a bit cloudy, other positive developments from other countries have emerged, including NVIDIA's recent deal with the Kingdom of Saudi Arabia (KSA). More specifically, HUMAIN, a subsidiary of Saudi Arabia's Public Investment Fund focused on AI, is making a major investment to build AI factories in KSA with a projected capacity of up to 500 megawatts powered by several hundred thousand of NVIDIA's most advanced GPUs over the next five years. 'This partnership with NVIDIA reflects SDAIA's commitment to harnessing and advancing the potential of data and AI through continuous innovation,' said H.E. Dr. Abdullah bin Sharaf Alghamdi, president of the SDAIA. 'It marks a significant step toward positioning the Kingdom as a leader among data- and AI-driven economies, and in building a knowledge-based society and an advanced digital economy aligned with the objectives of Saudi Vision 2030.' Simply put, everybody wants to get their hands on NVIDIA's GPUs. China remains critical, but the recent deals demonstrate that the company can easily generate additional avenues of growth even when faced with restrictions. Below is a chart illustrating NVIDIA's red-hot sales growth on a quarterly basis. Image Source: Zacks Investment Research Concerning the valuation picture, NVDA shares presently trade at a 28.8X forward 12-month earnings multiple, nearly half of the 50.1X five-year median and a fraction of 106.3X five-year highs. Unprecedented growth has kept valuation multiples muted, with the stock now trading at a 35% premium relative to the S&P 500, down from steep highs of 178% in 2024. Image Source: Zacks Investment Research NVIDIA's NVDA upcoming release will help cap off the Q1 reporting cycle, reflecting the most important release yet to come. Analysts have been bearish concerning the EPS outlook given profitability concerns stemming from tariff talks, but sales expectations have largely remained stable. Investors will, of course, be laser-focused on the Data Center results, which have been the driving force behind the stock's immense success over recent years. The forecasted YoY growth rate for Data Center results does reflect a deceleration from recent periods but otherwise remains robust. The China issue will also be at the forefront, given recent tariff talks, likely the most impactful force concerning the stock's post-earnings movement. However, recent deals with other countries bode well for the tech titan, reflecting its ability to generate avenues of growth amid tighter conditions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NVIDIA Corporation (NVDA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research


CNN
22 minutes ago
- CNN
Trump pardons Michael Grimm, former NY congressman who pleaded guilty to tax evasion
President Donald Trump has pardoned Michael Grimm, the former New York congressman who served seven months in prison for tax evasion a decade ago, according to a White House official. The pardon is the latest in a string of clemency actions taken by Trump, who has largely circumvented the usual process run through the Department of Justice and instead has used his powers to commute or pardon individuals with ties to his political allies. Grimm, who represented Staten Island and parts of Brooklyn, was charged in April 2014 with tax evasion, but refused to give up his House seat for months. The pardon was earlier reported by Spectrum News 1. He later pleaded guilty and was sentenced in 2015 to eight months incarceration, seven of which he served in prison and one he served under house arrest. Aside from his criminal conviction, Grimm may be best remembered for threatening to break a reporter in half 'like a boy' when the reporter questioned him about his campaign finances during an incident caught on camera at the Capitol in January 2014. He also threatened to throw the reporter off a balcony. Grimm, who worked as an on-air personality for Newsmax, was badly injured in a fall from a horse during a polo competition last year.