Office of Management and Budget Director Russ Vought will argue on Capitol Hill Wednesday that a “sizable increase” in Defense Department spending is needed to make massive investments in weapons to allow the US military to remain dominant.
Vought, in prepared remarks set to be delivered at the House Budget Committee that were obtained by Bloomberg Government, will outline why a more than 40% increase in annual defense spending to $1.5 trillion is needed in fiscal 2027. He will call for “significant paradigm shifting investments” for the building of ships, planes, drones, and other equipment for the military.
“For the ...