The One Trillion Dollar Question: Defense Spending in 2025

In his first year back in office, President Trump committed over $1 trillion to defense spending. With global tensions rising—from Europe to the Middle East to the Indo-Pacific—the U.S. is relying on its defense industry to stay ahead. Brownstein’s Defense Team breaks down the delayed NDAA, the recently concluded reconciliation fight and the kickoff of FY2026 appropriations talks.