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The Latest Breaking News from Defense Spending

Members want $26 billion for programs the Pentagon didn’t seek - Roll Call

Add-ons being sought by members of Congress are often requested by contractors, universities or a far-flung Defense outpost.

Roll Call

Rising Defense Demands Will Be a Boon for These 3 Industry Leaders

As year end approaches, we’ve seen a major change in the geopolitical conflict picture as larger scale confrontations draw out, and new confrontations involve larger, and more, players than over the past few decades. This uptick in real and potential nation state conflicts means the weapons of war and defense…

StockNews.com

Russian supermarkets are full of fruit, vegetables, cheese and meat. But shoppers can’t afford any of it

The Russian parliament has approved a 2024-2026 budget that earmarks a record amount for defense spending

The Independent UK

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Johnson brings defense background to speakership - Roll Call

Speaker Mike Johnson pushed for more defense spending and against a military vaccine mandate as a member of the Armed Services Committee.

Roll Call

From Conflict to Profit: Which Industry Will Benefit the Most From the Israel-Hamas War?

Rising interest rates, geopolitical turmoil, a hawkish Fed, and the highest uncertainty in years have investors scrambling for safety. Wars in Ukraine and the Middle East and a bifurcation of the world’s nuclear powers suggest that worldwide defense spending will rise, making the sector a haven for investors looking for…

Barchart

The House has no speaker, but plenty to do. Here are 5 of the most pressing issues

The House can't do legislative business until it elects a new speaker. Their growing to-do list includes keeping the government open, as well as policy issues like Ukraine aid and defense spending.

WEKU

Biden says guns are ‘number 1 killer of children’ in US as he unveils violence prevention office – as it happened

US president urges action as Kamala Harris says one in five Americans have lost family member to gun violence

The Guardian - US

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Which Defense Stock Is Signaling Buy: Boeing Co. (BA) vs. CACI International (CACI)

Increasing geopolitical tensions have resulted in a heightened demand for improved defense capabilities, leading to increased defense spending and the rapid development of advanced technologies. In such a scenario, air defense stocks Boeing Co. (BA) and CACI International (CACI) should benefit from industry tailwinds, but which stock is sending a…

StockNews.com

McCarthy says hard-right Republicans ‘want to burn whole place down’

Conference fails to approve procedural motion to take up defense spending bill as government shutdown looms

The Guardian - US

House conservatives torpedo rule on Defense spending bill - Roll Call

Five GOP lawmakers joined with Democrats to tank a move to bring up the $826.4 billion fiscal 2024 Pentagon bill on the House floor.

Roll Call

Appropriations on the skids - Roll Call

The Senate’s first fiscal 2024 spending package stalled on the floor as hard-line conservatives rebelled, while House leaders had to abandon plans to take up their Defense spending bill. CQ Roll Call’s David Lerman, Peter Cohn and Paul M. Krawzak discuss the challenge to get appropriations back on track and…

Roll Call

4 Air Defense Stocks at the Top of Investors' Buy List

The air defense industry looks poised for long-term growth due to escalating international tensions, technological advancements, and higher defense spending. Therefore, it could be wise to buy fundamentally strong air defense stocks BAE Systems (BAESY), Textron (TXT), Cadre Holdings (CDRE), and CPI Aerostructures (CVU). Keep reading….

StockNews.com

RTX Stock Dives After Disclosing Engine Defect In Earnings Beat; Senate Passes Defense Bill

RTX earnings beat views as the Senate passes the $886 billion defense spending bill. RTX stock fell on a Pratt & Whitney jet engine defect.

Investors Business Daily

The Pentagon doesn’t need $886bn. I oppose this bloated defense budget

As a nation, the time is long overdue for fundamental changes to our national priorities

The Guardian - US

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The Conversation

This year's debate over defense spending threatens to disrupt a tradition of bipartisan consensus-building over funding the military

Each year for the past six decades, congressional representatives from both sides of the aisle have come together to pass the National Defense Authorization Act. Because the bill involves the military – a traditionally popular institution – it has historically received bipartisan support.

Investors Business Daily

Lockheed Martin Stock Eases Despite Improved Outlook; Senate Prepares For Defense Debate

Lockheed Martin topped forecasts early Tuesday while the Senate debates the $886 billion defense spending bill. Lockheed Martin stock rises.

Tribune News Service

John M. Crisp: We should acknowledge, rather than deny, our racist past

MAGA Republicans’ willingness to gum up the necessary functions of governance was on display last week in the House of Representatives.

The Guardian - US

Donald Trump’s legal team urges Georgia court to block 2020 election investigation – as it happened

Lawyers for former US president ask Georgia’s highest court to prevent district attorney from prosecuting him

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The Independent UK

US military chief praises Japan's defense funding boost as a buttress against China and North Korea

The highest-ranking U.S. military officer is praising Japan's moves to double its defense spending over the next five years, citing rising threats from North Korea and China

Tribune News Service

News briefs

Amendments to defense spending bills offer differing views of US role in NATO

Tribune News Service

Amendments to defense spending bills offer differing views of US role in NATO

Congress’ consideration of the defense budget now includes a debate on whether the United States should be a member of NATO, which it helped found after World War II to protect Europe from Russian aggression.

The Independent UK

NATO will boost defense spending to help back Ukraine but the math is tricky. Just ask Luxembourg

NATO leaders are set to make a new defense spending pledge at their summit this week as support for Ukraine eats into their military budgets

McClatchy Washington Bureau

‘Baby steps’ and ‘brinkmanship’: Defense spending debate to test McConnell, McCarthy unity

WASHINGTON – Mitch McConnell has had the National Defense Authorization Act on his brain for weeks, complaining about the pace of the annual allocation for military spending and warning that its size will be integral in deterring creeping Chinese aggression.

Tribune News Service

Analysis: Uncertainty clouds defense spending forecast

WASHINGTON — Even with a budget deal firmly set in law, the size and characteristics of the fiscal 2024 defense budget remain even more in flux than defense bills usually are this time of year.

Roll Call

Defense budget uncertainty - Roll Call

Even with a bipartisan defense spending cap in place, the size and shape of a fiscal 2024 defense budget is still a wild card. CQ Roll Call’s David Lerman and John M. Donnelly outline the factors that could make defense spending much larger, or smaller, than the budget caps deal…

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