Pete Hegseth, defense spending
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Here are some of the most interesting quotes that CNBC has heard over the three days of the summit.
Defense analysts explain why NATO's spending gap persisted for decades and what finally pushed European allies to increase military investments.
4don MSN
Iran war spending drains US military budgets, triggering cancelled trainings, delayed maintenance
The Pentagon is feeling the financial squeeze and is struggling in some cases to carry out routine training and maintenance amid its ongoing operations against Iran, with uniformed military leaders pressing Congress to support additional funding.
At an Asian defense summit, the U.S. called on other countries to increase military spending. China didn't even send its defense minister.
2don MSN
European defense stocks are cooling off after the military spending boom. Here's what's next
Analysts see 2026 as a period of consolidation for the sector, as excitement over Europe's increased defense budget is replaced by company-specific drivers.
New Zealand doesn’t have the fiscal headroom to increase defense spending to the levels the US might expect, Finance Minister Nicola Willis said.
Rep. Josh Brecheen (R-OK2) sees opportunity to achieve 'peace through strength' and reduction in Medicare fraud through reconciliation package.
The U.S. decision to suspend planned biannual defense talks with Canada follows deepening concern that Ottawa is failing to take steps to become a "credible" security partner, including by hiking military spending and completing a review of an F-35 fighter jet acquisition,
The Pioneer on MSN
Hegseth reassures Pacific allies, eases China threat talk
US Defence Secretary Pete Hegseth assured Pacific allies on Saturday that Washington remained committed to the region, but toned-down previous comments calling China a threat.