President Trump on Wednesday called for increasing U.S. military spending to $1.5 trillion in 2027, up from the 2026 military budget set at $901 billion. In a post on Truth Social, President Trump said, “This will allow us to build the 'Dream Military' that we have long been entitled to and, more importantly, that will keep us safe and secure, regardless of foe.” This comes as President Trump has threatened military action in Greenland, Iran, Mexico, Cuba and Colombia following the U.S. attack on Venezuela.