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Marketplace Morning Report

Digging in to defense spending

Marketplace Morning Report

Marketplace

News, Business

4.5927 Ratings

🗓️ 26 January 2026

⏱️ 7 minutes

🧾️ Download transcript

Summary

The second deadly shooting in Minnesota by immigration agents has some Democrats in Washington renewing calls for reform to the Department of Homeland Security. This could hold up a spending bill, increasing the chances the federal government partially shuts down again late this week. Also in play is money for defense. We'll hear more. Then, we'll discuss the value of the yen and hear why more optimism about the economy isn't translating into hiring.

Transcript

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0:31.2

Your credit cards are denominated in U.S. dollars, so why might the Japanese yen affect what you pay? I'm David Brancaccio in Los Angeles. First,

0:41.1

the second deadly shooting in Minnesota by immigration agents has some Democrats in Washington.

0:46.8

Renewing calls for reform to the Department of Homeland Security, this could hold up a spending bill this

0:52.8

week, increasing the chances. The federal government

0:55.4

partially shuts down again late this week. Also in play, money for defense. Marketplaces Nancy

1:01.5

Marshall-Gensar has that. The appropriation for the Pentagon is one of the biggest items in the

1:06.9

spending bills that fund the federal government. This year, it comes in at $839 billion.

1:14.0

Maya McGinnis is president in the committee for a responsible federal budget. She says

1:18.7

the Pentagon spends the most on operations and maintenance of equipment.

1:23.2

The second biggest expensive thing is people, personnel.

1:27.2

U.S. service members are set to get a 3.8% pay increase.

1:31.7

And then there's the cost of developing and acquiring new weapons, ships, and planes.

1:36.9

Procurement. There's research and development.

...

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