• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

Pentagon may sink Biden-era deal to sell Australia nuclear-powered submarines

by June 12, 2025
written by June 12, 2025

The Pentagon is considering backing out of the nuclear submarine agreement former President Joe Biden struck with Australia and the United Kingdom, amid shipbuilding problems back at home. 

‘The Department is reviewing AUKUS as part of ensuring that this initiative of the previous Administration is aligned with the president’s ‘America First’ agenda,’ a U.S. defense official said. 

‘As Secretary Hegseth has made clear, this means ensuring the highest readiness of our service members, that allies step up fully to do their part for collective defense, and that the defense industrial base is meeting our needs. This review will ensure the initiative meets these common sense, ‘America First’ criteria.’

Under the deal, which was seen as a response to China’s growing military threat in the Indo-Pacific, the U.S. and the UK would help Australia acquire conventionally armed, nuclear-powered submarines. Canberra would initially purchase several Virginia-class submarines in the early 2030s. The three nations would jointly design a new class of submarines, with Australian production beginning in the 2040s.

The three nations also agreed to share technology in cyber and quantum capabilities, AI, hypersonics and deep sea radar. 

In a confirmation hearing in March, Pentagon policy chief Elbridge Colby seemed leery of offering Australia nuclear-powered submarines while the U.S. struggles to produce enough for itself. 

‘If we can produce the attack submarines in sufficient number and sufficient speed, then great. But if we can’t, that becomes a very difficult problem because we don’t want our servicemen and women to be in a weaker position,’ Colby said.

Australia plans to increase its defense spending to 2.4% by the mid-2030s, but the U.S. is pushing it to boost that figure much faster. 

In a recent meeting in Singapore with Australian defense minister Richard Marles, Defense Secretary Pete Hegseth told Marles the U.S. wants to see Australia spend 3.5% on defense. 

Admiral Sam Paparo, head of Indo-Pacific Command, voiced support for the AUKUS initiative in April. 

‘AUKUS delivers something to INDOPACOM that is critical and could be a key advantage, and that is a Indian Ocean submarine base. This gives us faster response time to the South China Sea than in Hawaii, in Washington, in San Diego,’ Paparo said.

Congress has appropriated billions of dollars to boost submarine- and ship-building capabilities, but some lawmakers claim the Pentagon’s plans to do so remain opaque. Meanwhile, experts estimate that China’s shipbuilding capabilities are around 230 times higher than those of the U.S. 

Rep. Rosa DeLauro, the House’s top Democrat appropriator, pressed Hegseth on his shipbuilding plan in a hearing this week. 

‘There is a gap,’ Hegseth admitted, ‘but we believe we are closing it.’

However, DeLauro was not satisfied, demanding detailed data to back up that claim.

‘We do not have any information or data that can substantiate what you’re saying,’ she shot back. ‘Give us the details.’

‘We’ve had difficulty with the prior administration, and I don’t mind calling them out. What is your plan for the future?’

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
RFK Jr. picks eight for vaccine panel after firing all 17 members
next post
Gorsuch warns Supreme Court decision gives IRS ‘powerful new tool to avoid accountability’

related articles

Trump slams mail-in ballots as corrupt, but may...

August 20, 2025

Russia launches largest attack on Ukraine this month...

August 20, 2025

Justice Barrett teases new memoir in abrupt conference...

August 19, 2025

Schiff launches legal defense fund in response to...

August 19, 2025

Gabbard removes clearances from 37 officials at Trump’s...

August 19, 2025

White House rejects ‘blank checks’ for Ukraine, presses...

August 19, 2025

Israel eliminates Gaza terrorist who took part in...

August 19, 2025

Trump’s push for Putin-Zelenskyy talks hinges on Kremlin’s...

August 19, 2025

‘President of peace’: Trump tapped for Nobel Prize...

August 19, 2025

Conservative ‘playbook’ to beat Democrats in court outlined...

August 19, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • USDCHF and USDJPI: USDJPI falls under pressure this morning

    August 5, 2024
  • House Freedom Caucus to draw battle lines on reconciliation fight after presenting plan to Trump

    January 16, 2025
  • Ethereum price stopped the bullish trend this morning

    September 11, 2024
  • Trump, Harris locked in dead heat in 7 battleground states, poll finds: ‘Could not be closer’

    October 11, 2024
  • Netanyahu calls on Iranian citizens to seize ‘opportunity’ for regime change

    June 15, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,763)
  • Investing (634)
  • Stock (890)

Latest Posts

  • Microsoft, Google, Boeing join donors list for Trump’s record $170M inauguration fund

    January 10, 2025
  • Google employees pressure costumed execs at all-hands meeting for clarity on cost cuts

    November 1, 2024
  • Ukraine’s Zelenskyy replaces top military official ahead of Trump-Putin call

    March 18, 2025

Recent Posts

  • Biden administration seeks to avoid default crisis for student loan borrowers as garnishments resume

    January 16, 2025
  • Susie Wiles, the ‘ice baby,’ is a top contender for Trump’s chief of staff, sources say

    November 7, 2024
  • USAID closes HQ to staffers Monday as Musk says Trump supports shutting agency down

    February 3, 2025

Editor’s Pick

  • How Mike Johnson rescued Trump’s tax agenda from jaws of likely defeat

    April 13, 2025
  • Euro index continues its sideways consolidation on Monday

    August 12, 2024
  • 6 House Dems vote with GOP to condemn Kamala Harris for ‘border czar’ role

    July 25, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock