New Delhi, April 4 -- US President Donald Trump on Friday unveiled a $1.5 trillion defence budget request for the next fiscal year, while also seeking dramatic cuts to domestic projects. If approved, this budget will mark the largest year-on-year increase in military spending since the end of World War II, Reuters reported.

The budget proposal comes as the war with Iran enters its fifth week, placing growing financial strain on Washington. Since the conflict began, the United States has spent over $40 billion, with roughly $11.3 billion spent in the first six days alone and expenditures continuing at about $1 billion per day, according data tracked by Iran Cost Ticker.

Trump's proposed $1.5 trillion defence budget outlines major increas...