Trump calls for record $1.5 trillion defense budget, a 50 percent jump

President Donald Trump on Wednesday declared he would ask Congress for a $1.5 trillion defense budget in 2027, a massive $500 billion increase from this year's Pentagon budget.

The huge boost likely reflects how expensive some of Trump's military ambitions are, from the Golden Dome air defense effort to his call for a new battleship design. Neither of those programs could be fully funded under current spending levels...