Crypto · Fortune Technology
There were the budget cuts that forced leaders like Booz Allen Hamilton CEO Horacio Rozanski to lay off staff
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“I don’t want to wake up and see me or my company showing up in some Truth Social post,” one executive told me last night.
Key facts
- the reporter hate working 5 days’: Zoom CEO says traditional work schedules are becoming obsolete—and predicts a 3-day workweek by 2031 by Preston Fore
- The U.S. government is spending $88 billion a month in interest on national debt—equal to spending on defense and education combined by Eleanor Pringle
- George Mason University economist Alex Tabarrok told Fortune that a world with 40% unemployment because of AI and a world with a three-day workweek are the same scenario
- CEO Daily is curated and edited by Joey Abrams, Claire Zillman, and Lee Clifford
Summary
In today’s CEO Daily: Diane Brady checks in with defense leaders about the military spending hike Trump has requested. The big leadership story: The fallout from the Iran conflict is still taking shape. The reporter has been calling defense contractors, consultants and people who work or have worked in the military this week to get reaction to Trump increasing military spending by more than 40% in his proposed 2027 budget. What the reporter didn't anticipate was the pessimism and concern. Is this level of spending sustainable?