The Latest Breaking News from Defense Spending

Hawks worry about defense caps in debt limit deal - Roll Call

The debt limit deal would cap defense spending despite defense hawks in Congress calling for big increases to the Pentagon's budget.

Roll Call · May 31, 2023

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 · May 25, 2023

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 · May 8, 2023

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 · Mar 12, 2023

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 · Mar 10, 2023

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 · Mar 5, 2023

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 · Feb 23, 2023

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 · Feb 6, 2023

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 · Feb 1, 2023

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 · Feb 1, 2023