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New Washington Administration’s approach to defense spending: a comprehensive rethink of military-industrial complex modernization

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On December 22, 2024, in a post on Truth Social, Donald Trump revealed the names of several future deputies of Pete Hegseth, the Republican leader’s nominee to lead the Pentagon.

Trump plans to appoint billionaire financier Stephen Feinberg, former Deputy Assistant Secretary of Defense for Strategy and Force Development Albright Colby, and entrepreneur and former chief commercial officer of Uber Emil Michael as his deputy secretaries of defense.

The annual budget of the Ministry of Defense for fiscal year 2025 exceeds $840 billion, and the Pentagon has about 3 million military and civilian personnel under its command.

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