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The Latest Breaking News from Defense Spending

House conservatives torpedo rule on Defense spending bill - Roll Call

Five GOP lawmakers joined with Democrats to tank a move to bring up the $826.4 billion fiscal 2024 Pentagon bill on the House floor.

Roll Call

Appropriations on the skids - Roll Call

The Senate’s first fiscal 2024 spending package stalled on the floor as hard-line conservatives rebelled, while House leaders had to abandon plans to take up their Defense spending bill. CQ Roll Call’s David Lerman, Peter Cohn and Paul M. Krawzak discuss the challenge to get appropriations back on track and…

Roll Call

4 Air Defense Stocks at the Top of Investors' Buy List

The air defense industry looks poised for long-term growth due to escalating international tensions, technological advancements, and higher defense spending. Therefore, it could be wise to buy fundamentally strong air defense stocks BAE Systems (BAESY), Textron (TXT), Cadre Holdings (CDRE), and CPI Aerostructures (CVU). Keep reading….

StockNews.com

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The Pentagon doesn’t need $886bn. I oppose this bloated defense budget

As a nation, the time is long overdue for fundamental changes to our national priorities

The Guardian - US

This year's debate over defense spending threatens to disrupt a tradition of bipartisan consensus-building over funding the military

Each year for the past six decades, congressional representatives from both sides of the aisle have come together to pass the National Defense Authorization Act. Because the bill involves the military – a traditionally popular institution – it has historically received bipartisan support.

The Conversation

John M. Crisp: We should acknowledge, rather than deny, our racist past

MAGA Republicans’ willingness to gum up the necessary functions of governance was on display last week in the House of Representatives.

Tribune News Service

Donald Trump’s legal team urges Georgia court to block 2020 election investigation – as it happened

Lawyers for former US president ask Georgia’s highest court to prevent district attorney from prosecuting him

The Guardian - US

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US military chief praises Japan's defense funding boost as a buttress against China and North Korea

The highest-ranking U.S. military officer is praising Japan's moves to double its defense spending over the next five years, citing rising threats from North Korea and China

The Independent UK

News briefs

Amendments to defense spending bills offer differing views of US role in NATO

Tribune News Service

Amendments to defense spending bills offer differing views of US role in NATO

Congress’ consideration of the defense budget now includes a debate on whether the United States should be a member of NATO, which it helped found after World War II to protect Europe from Russian aggression.

Tribune News Service

NATO will boost defense spending to help back Ukraine but the math is tricky. Just ask Luxembourg

NATO leaders are set to make a new defense spending pledge at their summit this week as support for Ukraine eats into their military budgets

The Independent UK

‘Baby steps’ and ‘brinkmanship’: Defense spending debate to test McConnell, McCarthy unity

WASHINGTON – Mitch McConnell has had the National Defense Authorization Act on his brain for weeks, complaining about the pace of the annual allocation for military spending and warning that its size will be integral in deterring creeping Chinese aggression.

McClatchy Washington Bureau

Analysis: Uncertainty clouds defense spending forecast

WASHINGTON — Even with a budget deal firmly set in law, the size and characteristics of the fiscal 2024 defense budget remain even more in flux than defense bills usually are this time of year.

Tribune News Service

Defense budget uncertainty - Roll Call

Even with a bipartisan defense spending cap in place, the size and shape of a fiscal 2024 defense budget is still a wild card. CQ Roll Call’s David Lerman and John M. Donnelly outline the factors that could make defense spending much larger, or smaller, than the budget caps deal…

Roll Call

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Roll Call

Analysis: Uncertainty clouds defense spending forecast - Roll Call

Partisan division and the potential for drastic changes mean the future of the Pentagon's fiscal 2024 budget is anything but certain.

The Japan News/Yomiuri

Parties wage 'war of nerves' over defense spending bill

The ruling and opposition parties are waging a psychological war over the date to vote on a draft law to secure financial resources for increased defense spending.

StockNews.com

3 Defense Stocks to Profit From

Geopolitical tensions have heightened defense spending, which is expected to create opportunities for the industry. Therefore, it could be wise for investors to buy defense stocks TransDigm (TDG), Ducommun (DCO), and Astronics (ATRO). Read more.

Reuters

US debt ceiling battle rekindles debate over Ukraine funds

The battle to raise the U.S. debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday he had no immediate plans to take up legislation to boost defense spending beyond what was in last week's deal.

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Roll Call

Senators eye Ukraine aid bills as avenue to increase DOD budget - Roll Call

Senators are weighing using bills that provide funds for aid to Ukraine as a vehicle to increase the Pentagon's budget.

Roll Call

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.

Tribune News Service

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.

StockNews.com

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.

Tribune News Service

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.

Reuters

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.

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