The Pentagon intends to load up on advanced missiles, space defense and modern jets in its largest defense request in decades in order to meet the threat it perceives from China. The spending path would put military's annual budget over the $1 trillion threshold in just a matter of years, its chief financial officer said Monday.
The administration is asking Congress for $842 billion for the Pentagon in the 2024 budget year. It’s the largest request since the peak of the Iraq and Afghanistan wars in the mid-2000s, when the weight of hundreds of thousands of troops deployed in those overseas conflicts ballooned overseas war spending.
