13 minutes ago
Bernd Debusmann JrWhite House reporter

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Trump has long signalled a desire to increase domestic defence manufacturing capabilities, including new Trump-class battleships unveiled in December.
The White House is asking Congress to boost the US defence budget to $1.5tn (£1.1tn), a sweeping rise that would mark the largest expansion in military spending since the Second World War.
It includes funding for the Trump administration's proposed Golden Dome missile defence system, as well as a boost in domestic production of naval vessels, including new Trump-class battleships.
The administration said it would pair the proposed increase with a call for cuts across domestic agencies, including eliminating some climate, housing, and education programmes.
The request, which will need to be approved by the US Congress, is separate from the $200bn that the Pentagon sought for the war in Iran.
A summary of the budget posted online notes that the cuts will be achieved by "reducing or eliminating woke, weaponised and wasteful programmes, and by returning local responsibilities to their respective governments".
President Donald Trump has long signalled a desire to increase the defence budget and boost domestic defence manufacturing.
At a private event at the White House earlier this week - which was caught on camera - Trump said that military spending should be a national priority going forward.
"It's not possible for us to take care of day care, Medicaid, Medicare, all of these individual things, they can do it on a state basis," the president said, adding that the focus should be on "military protection."
Non-defence spending in the proposed budget has fallen by 10%, or about $73bn.
Trump's proposed budget would mark a 42% increase over the previous fiscal year, totalling $445bn.
Of the total, approximately $1.1tn would be in discretionary spending for the Pentagon, the highest on record.
Another $350bn - specifically for the industrial defence base - would come from a process known as budget reconciliation, a procedural shortcut that lets some legislation pass the Senate with a simple majority of 51 votes.
The budget also requests pay rises for troops and $65.8 billion in shipbuilding funding, including for what Trump has referred to as a "Golden Fleet" of next generation vessels.
These include the heavily-armed Trump-class battleships unveiled in December.
At a press conference announcing the battleship, Trump said that the construction of the first of the vessels, the USS Defiant, would begin soon, with the first ships operational in two-and-a-half years.
Administration officials have repeatedly warned that the US currently lags behind China in both shipbuilding capacity and total output.
The Congressional Budget Office, however, has put the potential price tag at $542bn over 20 years on the space-based systems alone.
Experts have said the total cost could eventually soak up a large chunk of the massive US defence budget.

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