KUALA LUMPUR: The ringgit opened lower against the US dollar and was mixed against other currencies, as support from firmer oil prices was offset by broad dollar strength and cautious positioning following the US Federal Reserve (Fed)'s rate decision.
has “no defence against hypersonic weapons or cruise missiles”, a senior Pentagon official told Congress on Monday, as US Presidentwill strengthen deterrence by denying adversaries the ability to achieve their objectives through coercion or aggression,” Marc Berkowitz, the assistant secretary of defence for missile defence and deterrence policy, told a Senate hearing on Monday.
Trump, a Republican president known for his fixation on outsize military programmes, proposed last year that the US build a space-based missile defence interceptor system and have it operational before the end of his second term in January 2029.
“We have no defence against hypersonic weapons or cruise missiles today, advanced cruise missiles,” Berkowitz said, when pressed on the urgency of the controversial project.is our pacing competitor. We will deter China from a position of strength with a denial defence along the first island chain,” he added, with other witnesses citing the rapid expansion of the Chinese and Russian missile arsenals.is holding a series of hearings this month on the White House’s record US$1.5 trillion defence budget request – the largest in history.last Tuesday, show plans to seek US$17.9 billion for the Golden Dome in the coming financial year.
Of that, US$17.1 billion would come from a proposed budget reconciliation package rather than through the regular appropriations process. The department also said last week that it would carve out a US$750 billion “presidential priorities” line within the defence budget covering the Golden Dome, drone dominance, artificial intelligence and the strengthening of the defence industrial base.
, the director of the Golden Dome, and Heath Collins, the US Air Force Lieutenant General who serves as director of the Missile Defence Agency. Asked how many missiles, drones and other attack systems China holds – the principal threat Golden Dome is designed to counter – Collins said: “Those numbers are classified, but they range, depending on the type of threat, from several hundred to several tens of thousands.
”The president’s annual budget request is less a legally binding document than a policy statement of priorities. The final figures are determined by Congress, which holds the power of the purse. Of Trump’s proposed FY2027 military budget, US$1.15 trillion in discretionary spending would need 60 votes to clear the chamber. In comparison, the remaining US$350 billion could be passed by a simple majority via the reconciliation route.
Multiple lawmakers have already voiced concern over the Trump administration’s habitual reliance on the procedure to secure additional funding. China faces a France-sized demographic loss that threatens coastal growth: analystsCambodian court denies appeal by detained opposition leader Kem SokhaOil prices rise on report US considering military options to break Iran deadlockUS and Nato faced with frustrating ‘marriage crisis’, Belgian defence minister says
United States Hypersonic Weapons Golden Dome Pentagon Donald Trump US Space Force China Missile Defence Congress Defence Budget
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