Virginia-class submarines,“executable” surface ships and nuclear modernization are exempt from a budget effort led by Defense Secretary Pete Hegseth to shift $50 billion in Pentagon funds to Trump administration priorities, USNI News has learned. The offsets, due on Feb. 24, are part of an overall Fiscal Year 2026 budget “relook” that will reshape the Pentagon’s spending priorities in line with guidance from the White House Office of Management and Budget and move through the office the deputy defense secretary and the office of the director of Cost Assessment and Program Evaluation. “The Department will develop a list of potential offsets
