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Trump’s $1.5 Trillion Defense Budget to Be Blocked by Democrats

Source: Bloomberg

Elections & Domestic PoliticsFiscal Policy & BudgetInfrastructure & DefenseGeopolitics & War

Republicans’ midterm defeat is sharply reducing the prospects that Congress will approve President Donald Trump’s $1.5 trillion defense budget request. The article links the setback to an unpopular war in the Middle East; it gives no vote outcome or market reaction.

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