Eamon Javers, Washington Correspondent for CNBC said U.S Secretary of Defense Chuck Hagel's resignation may have appeared a "surprise", but President Barack Obama had known about this situation for a few months.» Read More
President Obama announces the departure of Secretary of Defense Chuck Hagel. Obama says Hagel will stay on until a successor is confirmed.
U.S. President Barack Obama gives his thoughts on the U.S.'s Secretary of Defense Chuck Hagel's resignation, saying that he's "grateful" that Chuck Hagel will stay on until a successor has been found.
Although the US spent $7.6 billion to eradicate poppy in Afghanistan, cultivation of the opium source is at an all time high.
Proposed military budget cuts proposed by the Pentagon last week may be far from what Congress finally agrees on.
President Obama is expected to release his full year 2015 budget on Tuesday. CNBC's Jane Wells reports defense stocks were up on a down market day today.
Americans and their elected officials continue to resist cuts to almost any specific program, big or small.
CNBC's Jane Wells reports that the Defense Department plans to request $496 billion for its base budget in 2015.
Defense Secretary Chuck Hagel is speaking at the Pentagon on defense budget cuts. CNBC's Jane Wells reports the defense department is requesting $496 billion this fiscal year.
CNBC's John Harwood is monitoring Defense Secretary Chuck Hagel's remarks on cuts to the defense industry.
Cai Von Rumohr of Cowen and Co. discusses the likelihood Congress will support Defense Secretary Chuck Hagel's proposed defense cuts.
Defense Secretary Chuck Hagel is speaking at the Pentagon on defense budget cuts. CNBC's Jane Wells reports Hagel is hoping Congress will support another round of base closings.
The U.S. government plans to shrink the Army in a new spending proposal. It would be the smallest force since before the Second World War.
Secretary of Defense Chuck Hagel has pledged to cut the Army by 80,000, but a new study by suggests that Hagel could cut more while doing no harm.
Congress is holding its first public hearing about plans for intervention in Syria as Obama seeks to convince skeptical Americans and lawmakers about the need for military action.
Crude oil jumps to a six-week high after Defense Secretary Chuck Hagel says the U.S. military is ready to act if President Obama orders action over chemical weapons in Syria.
Here's a look at what is happening in Cairo, how America is involved and what it means for the U.S. relationship with Israel and U.S. security.
President Barack Obama said he needed definitive proof the Syrian government of President Bashar al-Assad used chemical weapons in the country's civil war before he would take action.
The White House says Syria may have crossed President Obama's "red line" by using chemical weapons against rebels, but the administration is still trying to find a "smoking gun."
Rhetoric is heating up: North Korea's army warned that it has been cleared to wage an attack on the US, while the US said it will deploy a missile defense system to Guam.
President Obama will return 5 percent of his salary each month to the Treasury in a show of solidarity with federal workers smarting from government-wide spending cuts, the White House said Wednesday.
Investors should buy stocks whose revenues are not dependent on the economic cycle, history shows.
Thomas Henriksen, Senior Fellow at Hoover Institution, discusses possible factors behind Chuck Hagel's resignation as U.S. Defense Secretary on Monday.
The departure of UTX CEO had investors scratching their heads and wondering whether it created an opportunity to buy the stock.