Trump's $350 Billion Defense Gamble Has a $290 Billion Problem - Palantir Technologies (NASDAQ:PLTR), Ond

A CSIS analysis published last Wednesday suggests Congress is unlikely to match President Donald Trump’s request for $350 billion in additional defense funding for fiscal 2027. The report estimates any extra money would land near $60 billion instead, leaving a $290 billion gap versus the White House target. The administration’s ask would sit on top of $1.15 trillion in regular defense spending, while House and Senate proposals set aside $60 billion for the reconciliation process. CSIS points to Republican divisions over whether to offset new spending cuts. Market coverage also noted pressure on defense-tech and semiconductor-linked equities, including Palantir and Ondas.