Article
Trump Proposes $1.5 Trillion In War Spending, 'Largest In Decades'
Trump Proposes $1.5 Trillion In War Spending, 'Largest In Decades'
Via The Cradle
US President Donald Trump is asking Congress to boost military spending to $1.5 trillion for 2027, the largest such request in decades, while demanding cuts to domestic spending on social programs, AP reported Friday.
The White House released details of the desired spending increase on Friday as part of Trump's 2027 budget proposal. The proposal comes amid the US-Israeli war on Iran, which is costing US taxpayers over $11 billon for each week it continues.
US Army/AP image
Last month, the Pentagon proposed receiving an...
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Jul 1, 2026 / Tyler Durden
Kremlin Confirms Rare Talks To Import Gasoline Amid Drone Strike Mayhem
Kremlin Confirms Rare Talks To Import Gasoline Amid Drone Strike Mayhem
Russia has confirmed its government is currently in negotiations with other countries to purchase gasoline while desperately seeking to stabilize its domestic market after months drone mayhem out of Ukraine.
"Discussions are actively being held," Kremlin spokesman Dmitry Peskov said at a press briefing Tuesday, though without specifying which countries. "If agreements can be reached at acceptable price points, then [imports] will move forward," he added.
File image: UBN
The development is surprising given that Russia remains the world's second-largest crude oil exporter...
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Jun 8, 2026 / Tyler Durden
More Shocking Revelations Emerge In Henry Nowak Case...
More Shocking Revelations Emerge In Henry Nowak Case...
Authored by Steve Watson via Modernity,
The brutal murder of 18-year-old Henry Nowak by Vickrum Digwa has exposed a pattern of ignored warnings, police inaction, and institutional failures that stretch back years.
A young British man is dead after being stabbed multiple times with a large ceremonial dagger. Multiple red flags about the killer were waved in front of authorities long before that night in Southampton. They were all dismissed.
Reports and footage have now surfaced revealing that in October 2022, neighbours heard loud gunshots...
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May 6, 2026 / Tyler Durden
Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest "Hung" Deal This Year
Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest "Hung" Deal This Year
Add another vocal warning to the chorus singing about the dangers of private credit.
DoubleLine CEO Jeffrey Gundlach, who has been especially critical of private credit for the past year warning last November that the space “has the same trappings as subprime mortgage repackaging had back in 2006,” raised fresh concerns about financial advisers and other principals who ushered retail investors into private credit and other so-called...
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