The Latest Breaking News from Defense Spending

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

The Independent UK · Dec 31, 2022

Chinese military sends 71 planes near to Taiwan and blames U.S. for "provocation"

Beijing slammed the U.S. for passing a defense spending bill that included provisions for Taiwan.

Axios · Dec 26, 2022

China Blasts US Defense Bill While Taiwan Welcomes It

China blasted an annual US defense spending bill for hyping up the “China threat" while Taiwan welcomed the legislation, saying it demonstrated US support for the self-governing island that China says must come under its rule. “China deplores and firmly opposes this US move,” the Foreign Ministry said in a…

Asharq Al-Awsat · Dec 24, 2022

Lawmakers unveil bill to avoid gov't shutdown, boost Ukraine

Congressional leaders have unveiled a $1.7 trillion spending package early Tuesday that includes another large round of aid to Ukraine, a nearly 10% boost in defense spending and roughly $40 billon to assist communities across the country recovering from drought, hurricanes and other natural disasters

The Independent UK · Dec 20, 2022

Japan set to rise in defense spending ranking

The defense buildup approved by the government on Friday could see Japan's ranking in terms of defense expenditures rise to third in the world based on planned spending of about 11 trillion yen in fiscal 2027.

The Japan News/Yomiuri · Dec 17, 2022

Nevada naval air base expansion heads to Biden's desk

The U.S. Senate passed a massive expansion of a northern Nevada naval air base as part of its defense spending bill that is set to finalize a historic transfer of public land to military use

The Independent UK · Dec 16, 2022

1 Defense Stock to Buy Before the End of the Year and 1 to Sell

Heightened geopolitical tensions have led to increasing defense spending, boding well for the industry. While we think quality defense stock Lockheed Martin (LMT) could be an ideal addition to your portfolio before the year ends, Boeing Company (BA) might be best avoided now, considering its bleak fundamentals. Read on….

StockNews.com · Dec 14, 2022

Corporate tax hike eyed to cover planned rise in defense spending

A possible corporate tax hike has become the focus of attention for the government and the ruling parties as they look for a stable source of funds for a planned defense spending increase, according to sources. They also plan to discuss the idea of targeting the corporate tax hike at…

The Japan News/Yomiuri · Dec 9, 2022

News briefs

Lawmakers drop journalism act from ‘must-pass’ defense spending bill under pressure from Facebook

Tribune News Service · Dec 8, 2022

Lawmakers drop journalism act from ‘must-pass’ defense spending bill under pressure from Facebook

An effort to add proposed journalism legislation to an annual “must-pass” defense spending bill was shot down by lawmakers after a public face off with Meta/Facebook over required payments to publishers for online news content.

Chicago Tribune · Dec 7, 2022