Hegseth announces $5.1B in Defense Dept. spending cuts

Defense Secretary Pete Hegseth signed a memorandum on Thursday outlining $5.1 billion in cuts to Department of Defense (DoD) spending through terminated contracts. The Pentagon leader said the contracts amounted to “non-essential spending” on third-party consultants for services “more efficiently” performed by the department’s workforce using existing resources. "We need this money to spend on...