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US President Donald Trump's futuristic "Golden Dome" missile defence system will cost about $1.2 ​tn (£882bn) to develop, deploy and operate over two decades, the nonpartisan Congressional Budget Office estimates.
That figure is significantly higher than the initial sum of $175bn (£129bn) that had been earmarked.
And the system designed to shield the US against ballistic and cruise missiles might not even work. The new CBO report warned the Golden Dome could be vulnerable to a full-scale attack by Russia or China.
Acquisition costs alone would be ⁠over $1tn, including for the interceptor layers and a space-based missile warning and tracking system, the fiscal scorekeeper said in a new report.
Just days after returning to the White House in January, Trump unveiled plans for the system, aimed at countering "next-generation" aerial threats.
A week into his second term, Trump ordered the defence department to submit plans for a system that would deter and defend against aerial attacks, which the White House said at the time remain "the most catastrophic threat" facing the US.
Trump said the system would consist of "next-generation" technologies across land, sea and space, including space-based sensors and interceptors.
The system would be "capable even of intercepting missiles launched from the other side of the world, or launched from space", the president said last year.
SpaceX and Lockheed Martin last month won contracts worth up to $3.2bn to develop space-based missile interceptor prototypes for the system.
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King Charles III has set out the government's law-making plans in a speech to Parliament.
Despite furious speculation about his leadership, Sir Keir Starmer has said he will "get on with governing" and the speech outlines his agenda for the next parliamentary session.
Here, BBC correspondents analyse some of the potential new bills Sir Keir's government wants to pass.
Digital ID limps on - it was once heralded a "silver bullet" in the battle against illegal immigration, and now as "one way" for employers to check the credentials of new hires.
It is not compulsory, and could help people who have no other official form of identification like a passport or driving licence, the King said in his speech.
Last year Sir Keir Starmer told me he hoped the scheme would lead to people saving money on ID checks when taking on big financial commitments like a mortgage – needless to say, this did not go down very well with the ID verification industry.
Despite a distinctly lukewarm reception from the public so far, support from the top for digital ID has never fallen off the agenda. Let's not forget it started life in the form of a national ID card under former prime minister Tony Blair in the early 2000s.
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US President Donald Trump has said the military operation to guide stranded merchant ships through the Strait of Hormuz will be paused just two days after he announced it.
Trump declared on Sunday that "Project Freedom" would begin the next morning in an attempt to unblock the crucial waterway which Tehran has effectively closed since the start of the US-Israel war with Iran.
Iran's threats to ships using the strait - through which some 20% of the world's oil and gas flows - has led to large increases in the oil price and fears for the global economy.
But 50 hours later the president posted that the mission was being put on hold "for a short period of time
His decision came on the same day his defence secretary had declared the US was "leading with strength, clarity and purpose for the benefit of the entire world".
BBC Verify has put together a timeline of what happened during the two days of "Project Freedom".
At 18:52 Washington time (23:52 BST) he posted on Truth Social saying the decision had been made by "mutual agreement" because there had been "great progress" towards a deal with Iran.
Project Freedom (The Movement of Ships through the Strait of Hormuz) will be paused for a short period of time to see whether or not the Agreement can be finalized and signed," the president posted.
The project - which Hegseth said earlier the same day was part of a "laser-focused strategy" - had been put on hold.
A little over four hours before Trump's announcement a ship belonging to the French CMA CGM group was hit in the Strait of Hormuz - injuring some of the crew and damaging the vessel.
According to the shipping publication Lloyd's List ship owners and insurers said "Project Freedom" had not given them "sufficient clarity or credible protection to justify resuming transits" through the strait.
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A former senior Drug Enforcement Administration (DEA) agent who once oversaw the agency’s financial operations has been indicted for conspiring to launder millions of dollars in narcotics proceeds for Mexico’s Jalisco New Generation Cartel (CJNG), according to federal prosecutors in Manhattan
Paul Campo, who served the DEA for 25 years and rose to become Deputy Chief of the Office of Financial Operations, is accused of laundering $750,000 in cartel cash by converting it into cryptocurrency and agreeing to launder an additional $12 million. Prosecutors say Campo also facilitated a payment for 220 kilograms of cocaine, valued at roughly $5 million, while boasting of his prior law enforcement expertise.
Campo, alongside co-defendant Robert Sensi, allegedly met with a confidential source posing as a CJNG operative in late 2024. The indictment details how the two men offered to channel cartel money through real estate investments, advised on fentanyl production, and even explored procuring military-grade weapons and drones for the cartel.
As alleged, Paul Campo and Robert Sensi conspired to assist CJNG, one of the most notorious Mexican cartels that is responsible for countless deaths through violence and drug trafficking in the United States and Mexico,” said U.S. Attorney Jay Clayton. “By participating in this scheme, Campo betrayed the mission he was entrusted with pursuing for his 25-year career with the DEA. CJNG is a violent and corrupting criminal enterprise that New Yorkers want broken.”
DEA Administrator Terrance C. Cole emphasized the gravity of the charges: “The indictment of former Special Agent Paul Campo sends a powerful message: those who betray the public trust—past or present—will be held to account to the fullest extent of the law. We will not look the other way simply because someone once wore this badge. There is no tolerance and no excuse for this kind of betrayal.”
Campo’s career included high-profile assignments in New York, Rome, and Milan, as well as leadership roles in DEA’s congressional affairs and financial operations. He represented the agency before Congress, the Treasury, and international organizations such as Interpol and the Financial Action Taskforce (FATF).
Now, prosecutors say, the same expertise he once used to combat money laundering was turned toward aiding one of the world’s most violent cartels. Campo faces charges of narco-terrorism conspiracy, conspiracy to distribute narcotics, conspiracy to provide material support to a terrorist organization, and conspiracy to commit money laundering
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🚀 New Trading Pairs Launching TOMORROW (May 12)
Mark your calendars:Binance is adding new Spot trading pairs and Trading Bot services effectively May 12, 2026.
What to Watch:Often, coins get a volatility spike just before and just after new pairs go live due to increased liquidity and arb bots.
Launchpool Radar: Don't forget the HODLer Airdrops currently active (CHIP, ROBO, NIGHT). Staking your BNB is the safest play in this market.
Action Plan:Check the "New Listings" tab tomorrow at 08:00 UTC.
Set limit orders if you plan to trade the volatility.
👉 Follow for instant Binance listing alerts!
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