Defense toplines emerge from debt deal talks

By Tony Bertuca / May 30, 2023 at 5:00 AM
Lawmakers reached a bipartisan deal over the weekend that would raise the debt limit and fund total defense spending in fiscal year 2024 at President Biden's request of $886 billion, with a 1% increase in FY-25, potentially ending a political standoff that could have brought the nation to the brink of economic catastrophe, but also throwing a wrench into future Pentagon spending plans. The deal follows months of statements from senior congressional Republicans who have criticized Biden’s defense request as...

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