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Democrats to likely block Trump's $1.5T defence budget after midterm win

short by / on Monday, 9 November, 2026
Democrats, winning solid majorities in both Congressional chambers on Tuesday, are signalling they will block Trump's $1.5 trillion defence budget — a 44% increase over last year. Key projects like the Golden Dome missile shield and Trump-class battleships face opposition. Defence stocks fell. Democrats may push a short-term stopgap, capping approval near $1 trillion.
read more at Moneycontrol