House Speaker Kevin McCarthy (R-Calif.) threw cold water on the idea of a supplemental defense spending bill. In comments to reporters on Capitol Hill on June 5, McCarthy cited that the bipartisan debt ceiling bill that passed Congress last week and was signed into law by President Joe Biden on June 3 addressed defense spending….
Senators Look to Bypass Defense Spending Caps in Debt Ceiling Bill
The debt ceiling bill came under fire from both Democrat and Republican parties for a variety of reasons. One reason cited by some in the GOP was the top line in defense spending. The bill—negotiated between House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden last weekend and passed overwhelmingly in the House on May…
Senate Approves $858 Billion NDAA Defense Spending Bill
A record defense spending bill got bipartisan Senate approval. The annual measure is now headed to President Joe Biden’s desk. In Japan, the biggest military build-up since World War II is forming in the face of a possible war in the region. A total of 36 Chinese companies were added to the U.S. trading blacklist,…
Proposed Biden Defense Budget Names China as ‘Primary Strategic Challenge’
President Joe Biden’s proposed $813 billion national security spending request to Congress includes $773 billion in direct allocations for the U.S. military with significant boosts in funding designed to counter the growing military threat in the western Pacific presented by the People’s Republic of China (PRC). “This will be among the largest investments in our…
Biden’s $5.8 Trillion Proposed Spending Plan Calls on Congress to Fill in the Blanks
President Joe Biden’s proposed United States’ federal $5.8 trillion Fiscal Year 2023 budget increases overall domestic spending by 7 percent, boosts military allocations by 10 percent and includes a raft of new tax levies for high-income earning individuals while raising the corporate income tax from 21 percent to 28 percent. The 149-page proposed budget introduced…
Canadian Defence Strategy More Important Than Increased Spending, Experts Tell Committee
Canada’s defence spending has come under the spotlight with Russia’s invasion of Ukraine, but experts say the issue is more complicated than simply meeting the 2 percent of GDP NATO benchmark to solve the issue. For the academics testifying before the Standing Committee on National Defence on March 21, increasing the budget without a defence…
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