policy_strategy

How the 2026 U.S. Midterm Elections Could Shape Defence Spending

The 2026 U.S. midterm elections could significantly impact defense spending and transatlantic security, with potential shifts in Congress influencing military budgets and NATO cooperation. Nordic leaders are increasingly engaging with Washington to understand these dynamics, as Miltton USA plans executive programs to explore the implications for transatlantic relations and security investments.

How the 2026 U.S. Midterm Elections Could Shape Defence Spending

The United States is entering a political cycle that could have significant implications for defence spending and transatlantic security cooperation. The outcome of the 2026 midterm elections will determine control of Congress during a period of rising geopolitical tensions and expanding defence budgets across NATO.

Debate over future U.S. defence spending is already intensifying in Washington. The Trump administration has signalled ambitions to increase military spending substantially in the coming years, with long-term proposals discussed in Washington reaching levels approaching a $1.5 trillion defence budget.

Whether such proposals move forward will depend largely on the balance of power in Congress after the midterm elections. A strong Republican majority could enable more ambitious spending increases, while a divided Congress may lead to more moderate outcomes or prolonged negotiations over defence budgets. The political configuration that emerges will shape U.S. defence policy until the presidential election in 2028.

For European allies, the consequences extend beyond domestic American politics. The United States remains NATO’s central military power, and shifts in American defence priorities directly affect alliance planning, capability development and industrial cooperation.

For the Nordic countries, now fully integrated into NATO structures, developments in Washington influence a wide range of areas including defence procurement, industrial partnerships, transatlantic cooperation and strategic priorities in regions such as the Arctic and the Baltic Sea.

Firsthand Insights from the Epicenter of the World

Against this backdrop, Nordic leaders continue to seek deeper insight into the political dynamics shaping U.S. policy. According to Miltton USA, this growing interest has contributed to increased demand for executive-level briefings and exchanges in Washington.

Miltton USA will once again organise a series of executive programs in Washington, DC during the autumn of 2026. Three open-enrollment study tours are planned: 13-16 September, 7-9 October, and 1-4 November, the latter taking place during the week of the U.S. midterm elections.

The 2.5-day programs are designed for senior executives, board members and policymakers from the Nordic region. According to Miltton USA, this growing interest has contributed to increased demand for executive-level programs and insights in Washington.

The program includes meetings with representatives from institutions such as the International Monetary Fund, the U.S. Chamber of Commerce, Nordic embassies in Washington and Washington-based think tanks. The programs also feature political analysis from Miltton’s internal election team Mark Pfeifle, Rick Dunham and Donna Leinwand, focusing on how the election outcome could affect transatlantic relations and the security environment.

For Nordic defence actors, policymakers and industry leaders, such visits provide an opportunity to better understand how political developments in the United States may shape transatlantic cooperation, defence policy and security investments in the coming years.

Further information about the programs, including registration details, is available via the Miltton pressroom on Nordic Defence Sector.

For additional inquiries, please contact Kristiina Helenius, CEO, at kristiina.helenius@miltton.com