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flag US Defense Secretary announces $5.1 billion cut in Defense spending, targeting wasteful contracts and university funding.

flag US Defense Secretary Pete Hegseth announced a $5.1 billion cut in Defense Department spending, targeting wasteful contracts, including those related to diversity, equity, climate change, and COVID-19 response. flag Hegseth also paused $500 million in funding to two universities accused of promoting antisemitism and divisive programs. flag These cuts are part of broader efforts to reduce the Pentagon's budget to around $560 billion by 2026.

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