DefenseBudget

Italy Plans Significant Increase in Defense Spending Following US Pressure

1 month ago

In a decisive response to increasing demands from the United States for European allies to enhance their military expenditures, Italy has announced plans to elevate its defense budget to 2% of its GDP. This move marks a significant shift in Italy's military funding strategy, aimed at bolstering national security in conjunction with broader European defense initiatives.

France Shifts Fiscal Focus: Targeting Wealth Over Corporations to Boost Defense Spending

3 months ago

In a significant move reflecting its changing economic strategy, France is contemplating an increase in taxes on wealthy individuals rather than corporations as a method to fund its defense expenditures. As global tensions rise and security needs evolve, the French government is prioritizing its financial resources to enhance its military capabilities.

Palantir's Valuation Under Scrutiny Amid Looming Pentagon Budget Cuts

3 months ago

Palantir Technologies, which has garnered attention for its sophisticated data analytics capabilities, is finding itself at a crossroads as anticipated cuts to the Pentagon's budget could have significant implications for its financial outlook. Investors are keenly observing the company's stock metrics as they weigh the impact of government spending reductions on its future revenue streams.

US Deficit Swells in November Amid Increased Health and Defense Expenditures

5 months ago

The U.S. federal deficit has experienced a significant increase in November, primarily driven by escalating spending on health and defense. According to the latest reports from the Treasury Department, the deficit for the month reached approximately $240 billion. This figure marks a notable rise compared to the $203 billion recorded in November of the previous year.