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What will be the outcome of Congressional negotiations on the FY26 defense budget by end of 2025?
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Resolution / Starting Odds
Increase by $50 billion • 25%
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Official Congressional budget approval documents and announcements
Story
Lloyd Austin Recommends $50 Billion Increase in Defense Spending, Targeting $926 Billion for FY26, Pushing Budget Over $1 Trillion
Jan 13, 2025, 09:15 AM
Outgoing Defense Secretary Lloyd Austin has recommended that the U.S. government increase defense spending by approximately $50 billion above current projections for fiscal year 2026. This recommendation would raise the Department of Defense's budget to $926 billion for FY26, with expectations that spending could exceed $1 trillion in subsequent years. Congressional Republicans are reportedly discussing similar increases for both FY25 and FY26 budgets. Austin's proposal, communicated to the Office of Management and Budget, reflects a significant push for enhanced military funding amid ongoing discussions about national defense priorities.
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