US House approves record $1.15 trillion defence budget

The U.S. House of Representatives has approved a sweeping defence spending bill that would allocate $1.15 trillion for military purposes in 2027, potentially marking the largest defence budget in U.S. history if enacted.

The measure passed the House by a narrow margin of 216 to 212, according to a live broadcast of the vote by C-SPAN.

The legislation will now move to the U.S. Senate for consideration. If approved, it will be sent to Donald Trump for signature.

Separately, the House also approved a funding proposal totaling $95 billion, which includes $73 billion earmarked for a military operation against Iran. The framework, which still needs to pass the Senate, outlines more than $70 billion for the Iran war, $12 billion in assistance for farmers and money to implement provisions of the SAVE America Act, President Trump's signature election overhaul bill.

By a vote of 232 to 198, the House also advanced a bill that would ban lawmakers from acquiring new individual stocks while in office. They would still be able to retain stocks they already own, reinvest stock dividend payments and sell stocks with disclosure.

By Tamilla Hasanova