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 and development than earlier forecast as the Pentagon reduces orders for F-35 fighter jets and much-delayed Virginia-class submarines, according to the officials, who asked not to be identified discussing the plans before the budget is sent to Congress on Monday.