Biden’s 2025 Budget: 1% Increase in Defense Spending to $849.8B
The Biden administration will request a 1% increase in defense spending, to $849.8 billion, for fiscal year 2025, officials familiar with the matter said, scaling back plans for a bigger boost as it grapples with caps imposed by last year’s debt-limit deal. The cuts reflect a decision to seek less money for procurement and research … Read more