Republicans in Congress plan to unveil a $150 billion defense package that includes $27 billion for Trump’s Golden Dome missile shield, according to CNBC. The measure adds $150 billion to the 2025 national security budget, funding 14 new warships and increased homeland security spending. It will be included in Trump’s sweeping tax cuts bill, which aims to reduce taxes while significantly increasing federal debt over the next decade. Elon Musk’s SpaceX and two partners are leading contenders to secure a key role in tracking incoming missiles for the Golden Dome program, according to Reuters.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Republicans in Congress plan to unveil a $150 billion defense package
00:06that includes $27 billion for Trump's Golden Dome missile shield, according to CNBC.
00:11The measure adds $150 billion to the 2025 national security budget,
00:15funding 14 new warships, and increased homeland security spending.
00:19It will be included in Trump's sweeping tax cuts bill,
00:21which aims to reduce taxes while significantly increasing federal debt over the next decade.
00:26Elon Musk, SpaceX, and two partners are leading in tenures
00:29to secure a key role in tracking incoming missiles for the Golden Dome program, according to Reuters.
00:34For all things money, visit Benzinga.com slash GSTV.