U.S. Defense Secretary Pete Hegseth announced an 8% cut to military spending over the next five years, under direction from the Trump administration. Veda Partners Managing Partner and Director of Economic Policy Henrietta Treyz joined Catalysts to analyze the move, calling the plan 'completely disingenuous.' While Trump officials may trim around the edges, she noted, the Senate is simultaneously advancing legislation that would significantly increase defense spending.
Treyz forecasted higher federal spending across sectors in 2025 and dismissed the Department of Government Efficiency’s proposal for $5,000 stimulus checks as fiscally unrealistic, describing it as a 'trillion-dollar-plus proposition' that would not reduce the deficit.
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