Pentagon requests more than $20B for strategic capital loan program in 2027
Quick Insights
The Bottom Line
The Pentagon requests over $20 billion for a strategic capital loan program in fiscal 2027, a significant increase.
How This Affects You
This substantial increase in defense spending could indirectly affect taxpayers through federal budget allocations, potentially impacting other public services or future tax rates.
AI Summary
The Defense Department is requesting approximately $20.2 billion from Congress for the Defense Strategic Capital Credit Program in fiscal 2027. This funding request, included in recently released Pentagon budget documents, represents an increase of more than an order of magnitude from the less than $1.5 billion allotted for fiscal 2026. The program, overseen by the Office of Strategic Capital (OSC), provides direct loans up to $150 million to eligible companies working in 31 critical technology areas, including advanced manufacturing and microelectronics. For example, the OSC provided a $150 million loan to MP Materials last year to enhance heavy rare earth separation capabilities. The Pentagon did not immediately comment on the proposed budget increase, which aims to attract and scale investments for national security.
What's Being Done
The Defense Department has included this funding request in its recently released Pentagon budget documents for fiscal 2027.
Following this story?
Get notified when new coverage appears
This article is part of a story we're tracking:
Should this be getting more attention?
You Might Have Missed
Related stories from different sources and perspectives
Trump's VA killed a home loan program. Vets are now losing their homes because of it
Foreclosures on VA loans are at their highest level in a decade. VA has a fix but it is months away and could still leave vets worse off than most other homeowners.
PoliticsTo Boost Military Budget, Trump Targets Popular Programs at Home
Amid the war with Iran, the president has proposed to scale back some of the very programs meant to ease families’ financial burdens.
National SecurityArmy looks to quadruple procurement for Precision Strike Missile in 2027
The Army's request comes amid concerns over the Pentagon draining its weapon stockpiles during Operation Epic Fury. The post Army looks to quadruple procurement for Precision Strike Missile in 2027 appeared first on DefenseScoop .
PoliticsTrump's VA killed a home loan program. Vets are now losing their homes because of it - NPR
PoliticsGOP’s ICE funding gambit squeezes Republican agenda
Republicans’ plan to use the special budget reconciliation process to fund immigration enforcement without help from Democrats will complicate their hopes of using one of their few remaining shots at a GOP-only bill on priorities voting reform, Pentagon funding due to the Iran war, and cuts aimed at cracking down on fraud in federal programs. …
PoliticsTrump proposes "historic" defense spending budget, eyes 10% cut to other federal programs - Reuters
<a href="https://news.google.com/rss/articles/CBMiwgFBVV95cUxPMVA1Ym02OGJuQkdHMnFmTGd3cjNKdVFYY2xYQkx6S1JlRERLVnV2d19QR0xLRUlkb2c5bE1uUHpkZnVRSUM2RjlRbXUxVkt6empwVnF5Z2UzUWYxU0x5Q1J3T3pDSmVfTExGX05zdTEtSE1xcE9CRVZDOThGUUpwVVZ0R2VhSGk0R1JBblhPVjRFWXRaWWpBZVhPTTI5TU02ZHF3NG5ERHB1TXdRWGY5dkdOVXZHTmg2RzI1UmptdTFTZw?oc=5" target="_blank">Trump's budget proposes 10% cut in discretionary spending, increased defense spending</a> <font color="#6f6f6f">Reuters</font>
US strikes military targets on Iran's Kharg Island, US official says - Reuters
<a href="https://news.google.com/rss/articles/CBMiuAFBVV95cUxPOGRwY2dBZmxXZklNdEYtNlIwU1NnSFc0a05RbkxIQWppT0pPaVFQQWgwRjdKRmhpMTNTMEdkZWFfbWVzUXg2b0tZdnppVHRBekVOeGtIajRud2JrQ3Jwdi1HV0xuNDNVUzZ2N21rSGVXeENGY256ZjdkYjNRVlIxbTJzbnVOTlZIYkZVV0VPOFFUUHZhVzJkT3VKQnNnbF8tQlVfSjcwZkhMc21XRUxGMk5mTVJGUnV5?oc=5" target="_blank">US strikes military targets on Iran's Kharg Island, US official says</a> <font color="#6f6f6f">Reuters</font>
Did this story change how you see things?
Stories like this only matter when people see them. Help us get verified journalism in front of more eyes.
The Verity Ledger curates verified investigative journalism from trusted sources only.
See our sourcesMost Read This Week
Protests erupt in West Bank as Israel approves death penalty for Palestinians
Over-the-counter medication abortion? These researchers say it would be safe
US Democratic lawmakers visit Cuba, call on Trump to "bring the rhetoric down" - Reuters
She paid into Medicare for years. Trump's immigration policy will end her coverage
Iran live updates: IRGC says Strait of Hormuz will 'never' revert to pre-war state
