[White House Submits FY 2027 Budget Proposal, Defense Spending Soars to $1.5 Trillion] The White House has officially submitted its fiscal year 2027 budget proposal to Congress, with defense spending reaching a staggering $1.5 trillion, an increase of approximately $445 billion compared to the previous fiscal year, marking a significant rise. According to the budget document, about $1.15 trillion is categorized as discretionary spending, while at least $350 billion will be allocated through budget reconciliation mechanisms to expand the defense industrial base, against the backdrop of escalating military conflicts involving Iran. Meanwhile, the government plans to cut $73 billion in non-defense spending. In terms of specific spending directions, the budget includes increasing critical ammunition stockpiles, accelerating the development of the "Iron Dome" missile defense system proposed during the Trump administration, and boosting investments in critical mineral resources and domestic supply chains. Additionally, the budget allocates approximately $65.8 billion for shipbuilding projects, with plans to construct 41 ships, described as the largest shipbuilding demand since the Roosevelt era. The budget document states that this scale of defense spending is "approaching historic growth levels seen before World War II," aiming to address the current global security threat environment and enhance the U.S. military's readiness and operational capabilities. (CCTV News)