On Wednesday, newly installed Secretary of Defense Pete Hegseth reportedly told the Pentagon it needs to find $50 billion worth of programs to cut next year. But the cuts won't end there. As CBS reports, the Trump administration intends to keep cutting defense spending at an average rate of 8% per year, over the next five years.

Defense Secretary Pete Hegseth has told the Pentagon to find $50 billion in programs to cut this year, to redirect funds to President Trump's priorities.

Defense Secretary Pete Hegseth said the funds will be pulled from 'so-called "climate change" and other woke programs.'