defense spending

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China's Defense Budget Jumps
China's Defense Budget Jumps

China's Defense Budget Jumps

Premier says the increase will be used to speed up modernization

(Newser) - China announced Saturday it has decided to increase military spending at the fastest clip since 2019. The 7.1% boost would put the defense budget for this year at $230 billion, CNBC reports. The increase for 2021 was 6.8%, while spending rose 7.5% in 2019. "We will...

France Calls Off US Gala Amid Rift Over New Security Pact

They describe sub deal as a 'knife in the back'

(Newser) - While they haven't asked for the Statue of Liberty back, the French have made it very clear that they're not happy about being excluded from the new US-UK-Australia security pact . A Friday gala at France's Washington embassy to celebrate the 240th anniversary of the Battle of the...

Lopsided Senate Vote Delivers Veto Override on Defense Bill

Lawmakers hold rare New Year's Day session to give Trump a defeat

(Newser) - The Senate wrapped up a defeat for President Trump on Friday, voting to override his veto of the defense authorization bill. Despite Republicans controlling the Senate, the vote wasn't close: 81-13, the Hill reports. The House had agreed, 322-87, earlier in the week. A veto override requires a two-thirds...

'US Military Superiority Is No Longer Assured'
'US Military Superiority
Is No Longer Assured'
NEW REPORT

'US Military Superiority Is No Longer Assured'

Commission warns Russia, China could prevail in war

(Newser) - A new report to Congress delivers a "flashing red" warning of a national security crisis. It's no migrant caravan, but the general degradation of American military might. "The US military could suffer unacceptably high casualties and loss of major capital assets in its next conflict. It might...

Broken Coffee Mugs Cost Air Force $1.3K Each

But they've found a 50 cent solution

(Newser) - While nobody wants the nation's airmen to have to drink cold coffee, Air Force officials have admitted that spending $1,280 for a metal mug that breaks easily is "irresponsible," USA Today reports. Air Force Secretary Heather Wilson said in a letter to Sen. Chuck Grassley that...

Trump Signs McCain Defense Bill, Doesn't Mention McCain

Bill gives service members biggest raise in 9 years

(Newser) - President Trump on Monday signed a $716 billion defense policy bill named for John McCain but included no mention in his remarks of the Republican senator, who is battling brain cancer at home in Arizona. Trump said there was "no better place than right here at Fort Drum,"...

Pence Tells NATO Allies to Pay More for Defense

He says Russia will be 'held accountable' for Ukraine actions

(Newser) - Mike Pence promised NATO allies Saturday that they had the "unwavering" support of the US, while also making it clear that the administration considers most of them to be freeloaders. The vice president, speaking to European leaders at the Munich Security Conference, said European countries are failing to "...

Trump's Latest Tweet Target: F-35 Fighter Jet

Shares for Lockheed Martin, suppliers dip after Trump criticizes costs

(Newser) - Last week, Donald Trump criticized "out of control" costs for Boeing's 747 Air Force One jets. On Monday, the president-elect took a new swing at the Pentagon, this time coming down on the cost of the country's fighter jet program, the Wall Street Journal reports. "The...

We're Spending $9M a Day to Fight ISIS

Pentagon releases first detailed breakdown of costs

(Newser) - The US has spent more than $2.7 billion on the war against ISIS militants in Iraq and Syria since bombings began last August, and the average daily cost is now more than $9 million, the Pentagon said yesterday. Releasing a detailed breakdown of the costs for the first time,...

How McCain Could Change US Defense

With GOP taking control of Senate, he'll likely chair Armed Services Committee

(Newser) - With Senate leadership changing , John McCain appears poised to be the new head of the Armed Services Committee—and that could have big implications for US defense, Reuters reports. McCain has a history of criticizing what he sees as excessive spending on some weapons programs; as chair of the committee,...

Pentagon's Plan: Cut Army to Pre-WWII Level

Hagel budget moves military off 'war footing'

(Newser) - The US Army may soon shrink to a level not seen since before it geared up to fight Nazi Germany and Imperial Japan simultaneously. In a spending proposal to be unveiled today, Defense Secretary Chuck Hagel outlines plans to cut the Army to around 450,000 soldiers, its lowest level...

GOP Looks Ready to Sabotage Itself Again
GOP Looks Ready to Sabotage Itself Again
OPINION

GOP Looks Ready to Sabotage Itself Again

'Wall Street Journal' editors say budget standoff could negate ObamaCare gains

(Newser) - The conservative editorial page of the Wall Street Journal sounds pretty hopeful that the troubles of ObamaCare will translate into solid GOP gains in next year's midterms. But the editors also see signs that Republicans are going to once again blow it with a "stupid, futile budget standoff....

5 Cuts Pentagon Should Make Now
 5 Cuts Pentagon 
 Should Make Now 
OPINION

5 Cuts Pentagon Should Make Now

Start with the F-35 mistake: Paul Barrett

(Newser) - To hear the Pentagon tell it, the looming sequester cuts will hurt military readiness and put the nation at genuine risk. "Flapdoodle," writes Paul Barrett at Businessweek . "The military is manufacturing a crisis to protect its wasteful, bloated, poorly designed budget." He suggests five cuts the...

The Nitty-Gritty of Tax Deal
 The Nitty-Gritty of Tax Deal

The Nitty-Gritty of Tax Deal

For many households, tax bill going up $1.6K

(Newser) - We narrowly avoided plunging over the fiscal cliff, but don't pop any champagne bottles yet. Though analysts generally agree that what we got is better than no deal, the plan we got is full of holes. Here's a rundown of what the deal does and does not do:...

Megadeal's Collapse Shakes Up Arms Industry

Failure of BAE-EADS merger makes more big deals unlikely

(Newser) - A deal to create a European defense and aerospace giant to rival Boeing and Lockheed Martin has collapsed and more weapons megadeals now look unlikely, Reuters finds. The proposed $45 billion merger between Britain's BAE Systems and Airbus maker EADS fell through after political leaders in Britain, France, and...

Don't Fear the Looming Pentagon Cuts

...because it's the domestic cuts that will really hit home

(Newser) - Much ink has been given to the Pentagon cuts set to hit on Jan. 2, thanks to the failure of last year's deficit supercommittee. But with less than five months til D-Day, the AP takes the opportunity to dish out a cheery recommendation: Don't fear those $55 billion...

Senate Panel OKs Cash for Unwanted Drones, Ships

$604B budget rejects Pentagon cost-cutting plans

(Newser) - With major Pentagon budget cuts looming, the Senate Appropriations Committee has decided to hand the military piles of money for stuff it says it doesn't want. A $604.5 billion defense budget approved by the powerful committee yesterday includes funding for drones, warships, and cargo planes that the Pentagon...

Democrats: We're Not Budging on Defense Cuts

Obama takes hard stance on defense cuts, taxes for wealthy

(Newser) - Democrats are digging in on two controversial points that could reverberate across the economy: The $550 billion in defense cuts kicking in next year and the expiration of the Bush tax cuts for families earning more than $250,000 per year. President Obama, Harry Reid, Nancy Pelosi, and other top...

GOP Rolls Out Budget With Huge Tax Cuts

There would be just two brackets, with the top at 25%

(Newser) - House Republicans rolled out a new Paul Ryan-penned budget proposal today that calls for a drastic tax-code overhaul, major changes to Medicare and Medicaid, and deep cuts in domestic spending, all while softening a set of automatic defense spending cuts set to hit in January. The budget would scrap our...

China Military Spending to Surge 11.2% in 2012

China now world's No. 2 military, but insists spending only moderate

(Newser) - China will up its defense spending by 11.2% in 2012 to $106.4 billion, citing its unhappiness with the US military presence in the Asia-Pacific region, reports the AP . China has made double-digit increases to its military spending in all but two of the years since the early 1990s,...

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