U.S. military spending would reach a record high under President Donald Trump and Defense Secretary Pete Hegseth's $1 trillion budget proposal for 2026.

We also essentially approved a budget, which is in the [vicinity], you'll like to hear this, of a trillion dollars,” Trump said while meeting with Israeli President Benjamin Netanyahu.

President Donald Trump said his administration will raise the Pentagon's budget to $1 trillion, a record high for the U.S. military. "We have to build our military and we're very cost-conscious but the military is something that we have to build and we have to be strong because you've got a lot of bad forces out there now,

Donald Trump has complained about the U.S. relinquishing control of the waterway to Panama more than 20 years ago and has threatened to retake it,

Defense Secretary Pete Hegseth will travel to Panama next week, the second senior U.S. official to visit the country in as many months, as President Donald Trump says America is “reclaiming” the country’s eponymous canal.

Defense Secretary Hegseth said the U.S. and Panama are strengthening security ties and "together" will "take back" the canal from the influence of China, which operates two major ports.

Panama said on Wednesday the United States recognized its sovereignty over the Panama Canal, despite tough rhetoric from Washington, as the two nations announced agreements to deepen U.S. military training in the Central American nation.

Secretary of Defense Pete Hegseth is not ruling out using the military to secure the Panama Canal against China's interference. CBS News' Charlie D'Agata reports.

The United States will "take back" the Panama Canal from Chinese influence, U.S. Defense Secretary Pete Hegseth said on Tuesday during a visit to the Central American nation.

U.S. Secretary of Defense Pete Hegseth has again put China at the center of U.S. priorities in the western hemisphere, one day after calling the world power a threat to the Panama Canal

The Defense secretary promoted working with 'like-minded allies and partners' after Trump repeatedly threatened to take over the famous canal.

Trump has gone so far as to suggest the U.S. never should have turned the canal over to Panama and that maybe the U.S. should take it back.