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The Latest Breaking News from Defense Spending

Hill-favored projects called defense budget’s ‘black hole’

WASHINGTON -- Congress directed the Pentagon to spend $12.2 billion in the current fiscal year on nearly 1,000 different “program increases” in the Defense spending bill’s research account alone, projects pushed by lawmakers that the Defense Department did not publicly request, according to a previously unpublicized database.

Tribune News Service

2 Defense Stocks Outperforming the Industry

Amid the persistent threat of terrorism, heightened defense spending is expected to create opportunities for the defense sector. Given the significant prospects of the defense market, the outperforming defense stocks Willis Lease Finance (WLFC) and CPI Aerostructures (CVU) might be solid additions to one’s portfolio. Read on.

StockNews.com

The Best Defensive Stocks to Own This Month

The rising geopolitical instability worldwide is creating favorable prospects for the U.S. defense industry. Moreover, increased government defense spending will likely boost the sector this year. Hence, I think fundamentally strong defense stocks Textron (TXT) and Leidos Holdings (LDOS) might be solid buys. Keep reading.

StockNews.com

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Estonian PM vows more defense spending in new ruling coalition

Estonian Prime Minister Kaja Kallas vowed higher defense spending after finalizing a deal for a new governing coalition following her victory in last month’s elections, extending her tenure as one of Europe’s most ardent backers of Ukraine in its fight against Russia.

Tribune News Service

Biden, Trudeau to talk Ukraine, defense spending, Haiti in Ottawa

U.S. President Joe Biden will make a long-delayed visit to close ally Canada this week to express unity on Ukraine and the environment, but is unlikely to make much progress on tougher trade disputes, sources said on Tuesday.

Reuters

3 Defensive Stocks to Buy and Watch in March

Defense spending has increased due to increased geopolitical tensions with Russia and China. As the government continues to ramp up its defense budget, the U.S. defense industry should experience a rise in demand. Given the growing demand for defense components, adding quality stocks Raytheon Technologies (RTX), Lockheed Martin (LMT), and…

StockNews.com

Progressives praise Biden for tax hike plan – but Pentagon budget stirs anger

Leftwing Democrats say defense spending is far too high and query president’s request for more money for border security

The Guardian - US

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3 Defense Stocks to Help Protect Your Portfolio

Heightened geopolitical tensions have led to an increase in defense spending over the past year. In the face of it, several nations are ramping up their defense budgets, which should help the industry stay afloat. Therefore, it could be rewarding to invest in fundamentally sound defense stocks Lockheed Martin (LMT),…

StockNews.com

China Increases Military Spending in Face of Threats

China said Sunday its military spending would rise at the fastest pace in four years, warning of "escalating" threats from abroad. The country's planned budgets for the year put defense spending at 1.55 trillion yuan ($225 billion), a 7.2 percent rise and the quickest rate of increase since 2019.

Asharq Al-Awsat

Commentary: Is more military spending really necessary?

This spring, President Joe Biden is poised to ask Congress for the largest defense budget in history. These budget increases would be on top of an already historically high defense budget.

Tribune News Service

Texas defense hawks urge Congress away from military funding cuts to raise the debt ceiling

Texas Republicans in the U.S. House are working with their divided party to eke out a path forward on raising the debt limit.

The Texas Tribune

Lawmakers to Pentagon: Curtail defense spending ‘wish lists’

WASHINGTON — Influential lawmakers from both parties urged the Defense secretary in a letter Tuesday to curtail the department’s submission to Congress of “unfunded priorities lists” — annual requests for billions of dollars in military spending above White House budget proposals.

Tribune News Service

Lawmakers to Pentagon: Curtail defense spending 'wish lists' - Roll Call

Influential lawmakers from both parties urged the Pentagon to curtail its requests for billions of dollars above White House budget proposals.

Roll Call

How the US far right and progressives ended up agreeing on military spending cuts

Progressives and ‘America first’ Republicans in Congress both want to re-examine US military budget – but for vastly different reasons

The Guardian - US

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Asharq Al-Awsat

Macron Boosts French Military Spending by over a Third to ‘Transform’ Army

France will boost military spending by more than a third in coming years, President Emmanuel Macron said on Friday, as he unveiled ambitions to transform the French army to deal with the great "perils" of this century. Acknowledging the end of the "peace dividend" of the post-Cold War era, Macron…

The Independent UK

North Korea sustains high defense spending with new budget

North Korea’s rubber-stamp parliament has passed a budget that sustains a high level of defense spending despite the country’s economic troubles

Chicago Tribune

Commentary: The US can afford a defense spending cut

House Speaker Kevin McCarthy had to beg, plead and deal to get his current job. One of the agreements struck on the House floor with the most conservative faction of the Republican caucus was a promise to keep the next spending bill at levels that were agreed to in fiscal…

Asharq Al-Awsat

Biden and Kishida Discuss Japan ‘Stepping up’ Security

President Joe Biden and Japanese Prime Minister Fumio Kishida were holding wide-ranging talks at the White House on Friday as Japan looks to build security cooperation with allies in a time of provocative Chinese and North Korean military action. The two administrations were also ready to seal an agreement to…

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Axios

Japan doubles down on defense and U.S. alliance with an eye on China

Japan plans to double defense spending and deepen cooperation with the U.S.

The Independent UK

Biden, Kishida to discuss Japan 'stepping up' security

The U.S. and Japan are ready to seal an agreement to bolster U.S.-Japanese cooperation on space

Tribune News Service

Congress trims funding for Pentagon ‘chem-bio’ programs

WASHINGTON — The latest defense spending law would subtract about 7% from the president’s request for numerous Pentagon chemical and biological defense programs on the grounds that they need to be more effectively executed.

Reuters

Blinken says U.S. applauds Japan's decision to double defense spending

The United States applauded Japan's decision to double defense spending by 2027, U.S. Secretary of State Antony Blinken said on Wednesday, ahead of planned talks later this week between President Joe Biden and Japanese Prime Minister Fumio Kishida.

The Guardian - US

Washington is shrieking at the prospect of a defense budget cut. But would it really be so bad?

Instead of seeing this as an opportunity to course-correct the copious funding allocated to the Pentagon, the White House came out swinging

The Independent UK

Czech government OKs bill for 2% GDP spending on military

The Czech government has approved a bill aimed at bringing defense spending at the required NATO goal of 2% of gross domestic product as Russia's war in Ukraine continues

The Independent UK

Ukraine's debts: US aims to get IMF to reexamine loan fees

A provision in the recently signed defense spending bill mandates that the United States work to ease Ukraine’s debt burden at the International Monetary Fund

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