officially ending the debt crisis – for now. The act agrees to restrict spending on civilian duties in exchange for a suspension of the debt ceiling. However, the act's credibility is undermined by its failure to cut or impose restrictions on military spending, revealing the U.S. government'...
For investors, a cut to US military spending would have likely meant less money for key US defense contractors like The Boeing Company (BA), Lockheed Martin Corporation (LMT), Raytheon Technologies Corporation (RTX), Northrop Grumman Corporation (NOC), etc. However, the flat budget is probably ...
US Military Spending and National DebtEl Najjar, Hassan Ali
The NDAA hyped up the so-called China military threat as an excuse to increase US military spending and maintain its hegemony, grossly interfering with China's internal affairs and undermining world peace and stability, he said. China has no intention to challenge any country, while in fact, t...
WASHINGTON (AP) — Suicides in the U.S. military increased in 2023, continuing a long-term trend that the Pentagon has struggled to abate, according to a Defense Department report released on Thursday. The increase is a bit of a setback after the death...
military from the Pentagon, with promises to slash spending, thin the top ranks and roll back efforts to make the military more inclusive to transgender and women soldiers. While Trump has not presented clear policies for the Defense Department or yet named a nominee to head the Pentagon, ...
CHINA BOOSTS MILITARY SPENDING BY BILLIONS AS US WARNS OF POTENTIAL TAIWAN INVASION "China leads the world in applying surveillance and censorship to monitor its population and repress dissent," the report states." Beijing conducts cyber intrusions that are targeted to affect U.S. and non-U.S....
MOGADISHU, Somalia (AP) — The United States is increasing its military assistance to Somalia as the country sees success in battling what the U.S. calls “the largest and most deadly al-Qaida network in the world.”
(GDP) of the country itself. The surge in debt can be attributed to an increasing scope of government spending, which currently amounts to $1.1 trillion a year. Policy decisions, such as the size of the U.S. military budget ($842 billion) and the country's recent multi-trillion-dollar...
In addition, Japan has significantly increased its military spending in recent years. Its defense budget this year is about 8 trillion yen ($53 billion), about 16.6 percent more than for fiscal 2023, and a record high. "Japan's substantial increase in military spending evidently disrupts the ...