Deputy Secretary of Defense Stephen Feinberg is expected to brief members of the House of Representatives on Thursday about the $1.5 trillion funding needed by the Pentagon for fiscal year 2027, according to people familiar with the matter. The billionaire and co-founder of Cerberus Capital Management LP will brief lawmakers in a closed door confidential meeting. “Minister of War” Hegseth met with lawmakers earlier this year to defend this unprecedented increase in the Pentagon budget and push for a partisan budget plan to meet the total target of $1.5 trillion.

Zhitongcaijing · 1d ago
Deputy Secretary of Defense Stephen Feinberg is expected to brief members of the House of Representatives on Thursday about the $1.5 trillion funding needed by the Pentagon for fiscal year 2027, according to people familiar with the matter. The billionaire and co-founder of Cerberus Capital Management LP will brief lawmakers in a closed door confidential meeting. “Minister of War” Hegseth met with lawmakers earlier this year to defend this unprecedented increase in the Pentagon budget and push for a partisan budget plan to meet the total target of $1.5 trillion.