The U.S. national debt is up $3.069 trillion to date since November 1, 2024, an annual rate of deficit spending of $2.2 trillion after seventeen months of Donald Trump.
... Global military spending as a share of GDP climbed to 2.5%, its highest level since 2009, the report showed. Europe was the main driver of the increase in global spending, with spending rising 14% to $864 billion. ...
While global defense spending continued to grow, the growth rate slowed to 2.9% in 2025, markedly lower than the 9.7% rise in 2024. This was largely due to a 7.5% reduction in U.S. military expenditure after no new financial assistance for Ukraine was approved during the year. The U.S. remained the world’s largest defense spender at $954 billion. ...
The Pentagon has requested about $1.5 trillion in defense spending for fiscal 2027, which would mark the largest request in history. ...
