{
  "id": 15677331,
  "title": "Defense falls on Wall Street due to fear of lower spending",
  "url": "https://urgent.news/2026/10/19/la-defensa-cae-en-wall-street-por-el-temor-a-un-menor-gasto",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-19T21:52:50.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/economia/financial-times/2026/10/19/defensa-cae-wall-street-temor-menor-gasto.html"
  },
  "original_language": "es",
  "account": "US Defense stocks have stumbled amid growing expectations of a Democratic landslide in the upcoming midterm elections, which could scupper President Trump's plans to increase military spending by $500,000 million. The iShares US Aerospace and Defense ETF has fallen 16% since early July, while the S&P 500 has risen 3.5%. Democrats are expected to win the House of Representatives but face a tough battle to gain control of the Senate, with 35 of 100 seats up for grabs. Trump's proposal to raise annual defense spending from $1 trillion to $1.5 trillion was initially well-received by investors and executives, but relations between Defense Secretary Pete Hegseth and Congress have deteriorated.",
  "summary": "Trump's plan to raise half a trillion dollars in military spending is at risk as bipartisan support for a higher budget is weakening.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}