
Army to Cut 1,000 Jobs as Hegseth Orders Major Overhaul
The Army will scrap 1,000 jobs after Defense Secretary Pete Hegseth ordered it to undergo a 'comprehensive transformation' that will see it divest from 'outdated' and 'redundant' programs and downsize or close some headquarters, according to an April 30 memo.
Hegseth wrote in the
'Deterring war, and if required, winning on the rapidly evolving battlefield, requires Soldiers who are physically and mentally resilient, rigorously trained, and equipped with the best technology available,' Hegseth wrote.
'To build a leaner, more lethal force, the Army must transform at an accelerated pace by divesting outdated, redundant, and inefficient programs, as well as restructuring headquarters and acquisition systems.
'Simultaneously, the Army must prioritize investments in accordance with the Administration's strategy, ensuring existing resources are prioritized to improve long-range precision fires, air and missile defense including through the Golden Dome for America, cyber, electronic warfare, and counter-space capabilities.'
In a May 1
Related Stories
5/1/2025
4/29/2025
He also announced that the Army plans to eliminate 1,000 staff positions from its headquarters.
'Our Army must transform now to a leaner, more lethal force by infusing technology, cutting obsolete systems, and reducing overhead to defeat any adversary on an ever-changing battlefield,' Driscoll wrote. 'Our continuous transformation is underpinned by strong, agile leaders who act on their initiative.'
Hegseth said in his memo that the Army must prioritize investments that align with the Trump administration's strategy and ensure existing resources are used to improve things such as long-range precision fires, air and missile defense, and cyber and electronic warfare, as well as counter-space capabilities.
Existing resources should also go toward building the 'Golden Dome for America,' he said, referring to a new missile defense system inspired by Israel's Iron Dome that has been championed by President Donald Trump.
Contracts, Outdated Weapons Systems to Be Scrapped
On that basis, Hegseth said he is directing Driscoll to implement a 'comprehensive transformation strategy,' under which it will streamline its force structure, eliminate wasteful spending, reform the acquisition process, modernize 'inefficient' defense contracts, and overcome what he said were 'parochial interests' to rebuild the Army.
Eliminating wasteful contracts and excess travel funding, slashing spending on outdated weapons systems and 'unnecessary climate-related initiatives,' and revising civilian hiring and firing policies were among the changes Hegseth ordered.
He said the Army must also downsize, consolidate, or close redundant headquarters.
That includes merging Army Futures Command and Training and Doctrine Command into one entity and merging Forces Command, Army North, and Army South into a single headquarters 'focused on homeland defense and partnership with our Western Hemisphere allies.'
In addition, he called for the Army to consolidate and realign headquarters and units within Army Material Command, including Joint Munitions Command and Sustainment Command, to 'optimize operational efficiency and streamline support capabilities.'
Hegseth also directed Driscoll to reduce and restructure manned attack helicopter formations and expand 'inexpensive drone swarms capable of overwhelming adversaries.'
The letter comes as the Trump administration continues its push to eliminate waste and fraud within multiple departments and agencies operating under the federal government.
Col. Dave Butler, an Army spokesman, said that the potential savings under Hegseth's transformation strategy would amount to nearly $40 billion over five years.
It's unclear, however, whether the House and Senate will greenlight the cuts, given that lawmakers have for years resisted efforts by the Army and Pentagon to scrap a wide range of programs.
'As the Army prepares to celebrate its 250th birthday, our Nation requires her Army to move further, faster, and fight harder than any other force on Earth,' Hegseth concluded his letter. 'President Trump and I will not let this Nation down.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Newsweek
13 hours ago
- Newsweek
Senate to Vote on Trump's 'Big, Beautiful Bill': Here's What It Contains
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The U.S. Senate is working through the weekend to pass President Donald Trump's comprehensive domestic policy bill, a sprawling 940-page piece of legislation that Republicans are calling crucial for the nation's economic future. The U.S. House of Representatives has already passed their version, and senators are now working to finalize their draft before sending it back for a final House vote while Democrats remain united in opposition to the package. Why It Matters This legislation represents Trump's signature domestic policy initiative, combining massive tax cuts with significant spending on border security and defense while implementing substantial cuts to social safety net programs. The Congressional Budget Office (CBO), which is nonpartisan, estimates the House's version would add $2.4 trillion to the nation's deficit over the next decade, though Republicans dispute this calculation. The bill's passage would fundamentally reshape federal spending priorities and tax policy, affecting millions of Americans across income levels. What To Know The bill centers on approximately $3.8 trillion in tax cuts, making permanent the tax rates and brackets from Trump's first term while adding new exemptions for tips, overtime pay, and some automotive loans. The legislation would increase the child tax credit from $2,000 to $2,200 and provide a $6,000 deduction for older adults earning under $75,000 annually. The state and local tax (SALT) deduction cap would increase from $10,000 to $40,000 for five years. For border security and immigration enforcement, the package allocates $350 billion, including $46 billion for the U.S.-Mexico border wall and $45 billion for 100,000 migrant detention facility beds. The plan aims to deport approximately 1 million people annually through hiring 10,000 new U.S. Immigration and Customs Enforcement (ICE) officers and expanding Border Patrol forces. To offset costs, Republicans propose significant cuts to Medicaid, food stamps, and green energy programs, potentially saving $1.5 trillion. The legislation would impose new 80-hour monthly work requirements for Medicaid and food stamp recipients up to age 65, while rolling back former President Joe Biden-era's renewable energy tax incentives. The CBO estimates these changes would leave 10.9 million more people without health coverage and 3 million without food stamp eligibility. Additional provisions include $25 billion for the "Golden Dome" missile defense system, establishment of "Trump Accounts" children's savings program, and $40 million for a "National Garden of American Heroes." The bill also restricts artificial intelligence (AI) development, blocks transgender surgeries, and directs the sale of up to 1.2 million acres of public land for housing development. The U.S. Capitol is seen on June 28 in Washington, D.C. The U.S. Capitol is seen on June 28 in Washington, People Are Saying President Donald Trump on Truth Social on Friday: "The Great Republicans in the U.S. Senate are working all weekend to finish our 'ONE, BIG, BEAUTIFUL BILL.' We are on the precipice of delivering Massive General Tax Cuts, NO TAX ON TIPS, NO TAX ON OVERTIME, NO TAX ON SOCIAL SECURITY FOR OUR SENIORS, Permanently Securing our Borders, an even Bigger and More Powerful Military." House Republicans' X, formerly Twitter, account wrote on Friday: "House Republicans are united and ready to DELIVER the largest tax cut for working and middle-class Americans in history. The One Big Beautiful Bill Act will unleash our economy and restore the American Dream." Senate Democratic Leader Chuck Schumer of New York wrote on X on Saturday: "BREAKING: I will object to Republicans moving forward on their Big, Ugly Bill without reading it on the Senate floor. Republicans won't tell America what's in the bill. So Democrats are forcing it to be read start to finish on the floor. We will be here all night if that's what it takes to read it." Trump on Truth Social on Saturday: "WHY ARE THE DEMOCRATS ALWAYS ROOTING AGAINST AMERICA???" Tech billionaire and MAGA ally Elon Musk wrote on X on Saturday: "Polls show that this bill is political suicide for the Republican Party." In his post, he shared polling data from The Tarrance Group that showed majority opposition across different voter groups. What Happens Next The Senate must complete its work and pass the bill before sending it back to the House for a final vote. Trump has demanded the legislation reach his desk by July 4th. With Democrats united in opposition and some Republican concerns emerging over provisions affecting rural hospitals and AI restrictions, the timeline remains uncertain. Reporting from the Associated Press contributed to this article.


Boston Globe
16 hours ago
- Boston Globe
What's in latest version of Trump's tax bill now before Senate
Here's the latest on what's in the bill. There could be changes as lawmakers negotiate. Tax cuts are the priority Republicans say the bill is crucial because without it, there would be a massive tax increase, totaling some $3.8 trillion, after December when tax breaks from Trump's first term expire. Advertisement Those existing tax rates and brackets would become permanent under the bill. It temporarily would add new ones that Trump campaigned on: no taxes on tips, overtime pay or some automotive loans, along with a bigger $6,000 deduction in the Senate draft for older adults who earn no more than $75,000 a year. Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. Enter Email Sign Up It would boost the $2,000 child tax credit to $2,200 under the Senate proposal, or $2,500 in the House's version. Families at lower income levels would not see the full amount, if any. A cap on state and local deductions, called SALT, would quadruple to $40,000 for five years. It's a provision important to New York and other high tax states, though the House wanted it to last for 10 years. Advertisement There are scores of business-related tax cuts. The wealthiest households would see a $12,000 increase from the legislation, which would cost the poorest people $1,600 a year, according to the nonpartisan Congressional Budget Office analysis of the House's version. Middle-income taxpayers would see a tax break of $500 to $1,500, the CBO said. Money for deportations, a border wall and the Golden Dome The bill would provide some $350 billion for Trump's border and national security agenda, including $46 billion for the U.S.-Mexico border wall and $45 billion for 100,000 migrant detention facility beds, as he aims to full his promise of the largest mass deportation operation in U.S. history. Money would go for hiring 10,000 new Immigration and Customs Enforcement officers, with $10,000 signing bonuses and a surge of Border Patrol officers, as well. The goal is to deport some 1 million people per year. The homeland security secretary would have a new $10 billion fund for grants for states that help with federal immigration enforcement and deportation actions. The attorney general would have $3.5 billion for a similar fund, known as Bridging Immigration-related Deficits Experienced Nationwide, or BIDEN, referring to former Democratic President Joe Biden. To help pay for it all, immigrants would face various new fees, including when seeking asylum protections. For the Pentagon, the bill would provide billions for ship building, munitions systems, and quality of life measures for servicemen and women, as well as $25 billion for the development of the Golden Dome missile defense system. The Defense Department would have $1 billion for border security. How to pay for it? Cuts to Medicaid and other programs To help partly offset the lost tax revenue and new spending, Republicans are seeking to cut back some long-running government programs: Medicaid, food stamps, green energy incentives and others. It's essentially unraveling the accomplishments of the past two Democratic presidents, Biden and Barack Obama. Advertisement Republicans argue they are trying to rightsize the safety net programs for the population they were initially designed to serve, mainly pregnant women and children, and root out what they describe as waste, fraud and abuse. The package includes new 80-hour-a-month work requirements for many adults receiving Medicaid and food stamps, including older people up to age 65. Parents of children 14 and older would have to meet the program's work requirements. There's also a proposed new $35 co-payment that can be charged to patients using Medicaid services. Some 80 million people rely on Medicaid, which expanded under Obama's Affordable Care Act, and 40 million use the Supplemental Nutritional Assistance Program. Most already work, according to analysts. All told, the CBO estimates that under the House-passed bill, at least 10.9 million more people would go without health coverage and 3 million more would not qualify for food stamps. The Senate proposes a $25 billion Rural Hospital Transformation Fund to help offset those reductions. It's a new addition, intended to win over holdout GOP senators and a coalition of House Republicans warning that the proposed Medicaid provider tax cuts would hurt rural hospitals. Both the House and Senate bills propose a dramatic rollback of the Biden-era green energy tax breaks for electric vehicles. They also would phase out or terminate various the production and investment tax credits companies use to stand up wind, solar and other renewable energy projects. In total, cuts to Medicaid, food stamps and green energy programs would be expected to produce at least $1.5 trillion in savings. Advertisement Trump savings accounts and so, so much more A number of extra provisions reflect other GOP priorities. The House and Senate both have a new children's savings program, called Trump Accounts, with a potential $1,000 deposit from the Treasury. The Senate provided $40 million to establish Trump's long-sought 'National Garden of American Heroes.' There's a new excise tax on university endowments, restrictions on the development of artificial intelligence and blocks on transgender surgeries. A $200 tax on gun silencers and short-barreled rifles and shotguns was eliminated. One provision bars money to family planning providers, namely Planned Parenthood, while $88 million is earmarked for a pandemic response accountability committee. Billions go for the Artemis moon mission and for exploration to Mars. What's the final cost? Altogether, keeping the existing tax breaks and adding the new ones is expected to cost $3.8 trillion over the decade, the CBO says in its analysis of the House bill. An analysis of the Senate draft is pending. The CBO estimates the House-passed package would add $2.4 trillion to the nation's deficits over the decade. Or not, depending on how one does the math. Senate Republicans are proposing a unique strategy of not counting the existing tax breaks as a new cost because those breaks are already 'current policy.' Senators say the Senate Budget Committee chairman has the authority to set the baseline for the preferred approach. Under the Senate GOP view, the cost of tax provisions would be $441 billion, according to the congressional Joint Committee on Taxation. Democrats and others say this is 'magic math' that obscures the costs of the GOP tax breaks. The Committee for a Responsible Federal Budget puts the Senate tally at $4.2 trillion over the decade.
Yahoo
a day ago
- Yahoo
Space ETFs for a Portfolio That's Out of this World
Coming up as a new frontier, the space economy is witnessing frequent groundbreaking advancements worldwide. The S&P Kensho Space Index has drastically outperformed the S&P 500 Index, reflecting strong investor confidence and growing market optimism toward the space industry. The space index has added 49.16% over the past year, significantly outpacing the broad market index, which has gained 12.11%. Increasing investor interest in the sector is majorly driven by rising demand for advanced defense systems and cybersecurity infrastructure. Additionally, rising interest for space travel and heightened investment in research and development by both governmental and private entities are the driving forces behind space tourism. As modern warfare evolves and with the rise of drones, it's increasingly likely that economies will expand their defense capabilities through the development of their own space-based arsenal. President Trump's proposed $175 billion Golden Dome missile defense concept highlights this fact. According to Reuters, Golden Dome aims to protect the expansive U.S. homeland from ballistic, hypersonic and cruise missile threats through an integrated network of satellites, sensors and interceptors, an ambitious initiative that could redefine the strategic norms of outer space. Per Reuters, the Congressional Budget Office projects that the total cost could reach as high as $542 billion. However, the United States is not the only one looking to increase investments in the militarization of space. Per CNBC, NATO's increased defense spending signals new opportunities for space and defense sectors, further bolstered by its recently announced commercial space strategy. This follows the military alliance's proposal to raise defense spending to 5% of GDP, give space budgets a significant lift. According to Andrius Kubilius, EU space and defence commissioner, as quoted on Reuters, this century belongs to space, with a space revolution underway, the impact of which will be massive. As quoted on Reuters, the EU unveiled the long-awaited EU Space Act on Wednesday, signaling major regulatory changes for the EU's growing space sector, in a bid to increase competitiveness with the United States and China. As global investments increasingly prioritize climate control, the advancements within space technologies and the broader space economy also promise significant benefits. Already integral to disaster warning and management, space technology's role is expected to expand significantly with improved climate disaster monitoring, resilient communication network access and optimized tracking through satellite positioning data. With growing interest in interstellar exploration, expanding defense applications and growing capital infusion in the space sector, increasing exposure to funds covering the space economy can be beneficial. Investors can consider ARK Space Exploration & Innovation ETF ARKX, Spear Alpha ETF SPRX and Procure Space ETF UFO. The shift in warfare technology has resulted in the militarization of space, a trend already gaining momentum. Analysts believe this could not only increase investments in space economy but also unlock major opportunities for U.S. defense firms. Investing in Aerospace and Defense ETFs may offer a strategic advantage in such a case. Investors can consider iShares U.S. Aerospace & Defense ETF ITA, Invesco Aerospace & Defense ETF PPA and Global X Defense Tech ETF SHLD. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Global X Defense Tech ETF (SHLD): ETF Research Reports iShares U.S. Aerospace & Defense ETF (ITA): ETF Research Reports Invesco Aerospace & Defense ETF (PPA): ETF Research Reports Procure Space ETF (UFO): ETF Research Reports ARK Space Exploration & Innovation ETF (ARKX): ETF Research Reports Spear Alpha ETF (SPRX): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio