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Home - CBSNews.com

"48 Hours" schedule: Live, DVR, and on demand Rory McIlroy wins second straight Masters Tournament Brian Hooker sent friends maps that he says show where his wife went missing in Bahamas Iran's parliament speaker says U.S. will be "nostalgic" for $4 gas as oil prices fuel inflation Democratic Rep. Eric Swalwell ends bid for California governor as he faces sexual assault allegations Trump says U.S. will blockade Strait of Hormuz after Iran peace talks collapse DHS looking into allegations Rep. Eric Swalwell hired nanny not authorized to work in U.S. Fallout from Eric Swalwell scandal grows as lawmakers eye House expulsion votes Rory McIlroy claims second straight Masters title Brian Hooker shared maps he says show where his wife went missing in the Bahamas Manhattan DA investigating sexual assault allegations against Rep. Eric Swalwell Extended interview: Sen. Dave McCormick on AI Trump says U.S. will blockade Strait of Hormuz and intercept ships that paid tolls to Iran Few see U.S. goals being met in Iran yet; Americans voice worry and stress in CBS News poll Hungarian Prime Minister Viktor Orbán concedes defeat in key election, ending 16 years in power Ukraine, Russia accuse each other of violating Putin's Orthodox Easter ceasefire Kimberly Langwell's Hidden Grave Decades after a Texas mom's disappearance, a tip leads to the location of her secret grave Kids, adults alike watch Artemis II crew's splashdown in San Diego JD Vance says U.S. and Iran did not come to a deal after marathon session Artemis II astronauts welcomed home to Houston after historic moonshot Artemis II crew returns to Houston after successful mission Artemis II astronauts speak publicly for first time since successful moon mission Federal appeals court sends White House ballroom construction lawsuit back to lower court Pope Leo criticizes "idolatry of self" in latest rebuke of Iran conflict: "Enough with war!" Iran reportedly proposes tolls for ships crossing Strait of Hormuz How Persian Gulf nations are reacting to the U.S. and Iran's temporary ceasefire U.S. naval destroyers have crossed the Strait of Hormuz, CENTCOM says Trump says U.S. is "clearing out" the Strait of Hormuz as U.S., Iranian officials meet in Pakistan Risk on the Road | Sunday on 60 Minutes
Watch Live: Hegseth, Caine face congressional committees ...
2026-05-12 · via Home - CBSNews.com

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Defense Secretary Pete Hegseth and Joint Chiefs Chairman Gen. Dan Caine are appearing Tuesday before the House and Senate subcommittees that oversee Pentagon budget requests as the Trump administration is seeking $1.5 trillion amid the Iran war

Hegseth and Caine will appear in back-to-back hearings before the House and Senate Appropriations subcommittees that oversee defense spending. The $1.5 trillion fiscal year 2027 budget proposal, which serves as a starting point for negotiations with Congress over annual spending, would mark a 42% increase in defense spending from 2026 levels.

President Trump said Monday that the ceasefire with Iran is "on life support" after he called the latest Iran peace proposal "totally unacceptable." Mr. Trump told CBS News that he aims to suspend the gas tax amid soaring gas prices

Democratic Sen. Mark Kelly of Arizona, who is on the Senate Appropriations Committee, called the $1.5 trillion number "outrageous." 

"When I got to the Senate five and a half years ago, the defense budget was just over $700 billion," Kelly said Sunday on "Face the Nation with Margaret Brennan." "Now they're asking for twice as much money — it's nearly the amount that the rest of the world pays for its defense."

The hearings are also coming as the Trump administration has faced increasing backlash for not getting the Iran war approved by Congress. While several war powers resolutions have failed to advance, two Republicans – Sens. Susan Collins of Maine and Rand Paul of Kentucky — have joined Democrats in favor of advancing the measure to limit Mr. Trump's war powers. And GOP Sen. Lisa Murkowski of Alaska has said she intends to introduce a formal authorization for the use of military force in Iran. 

Hegseth testified last month before the House and Senate Armed Services Committees that the conflict has cost $25 billion so far, but U.S. officials familiar with internal assessments suggested at the time that the Iran war's price tag could be closer to $50 billion.

Kaia Hubbard contributed to this report.