Politico: House, Senate negotiators agree to add $45B to Biden’s defense budget
The policy bill would authorize a total of $847 billion for national defense for fiscal 2023, if approved by both chambers.
An emerging compromise on annual defense policy legislation will endorse a $45 billion increase to President Joe Biden’s defense spending plans, according to four people familiar with the negotiations.
The deal would set the budget topline of the fiscal 2023 National Defense Authorization Act at $847 billion for national defense, and would go as high as $858 billion when including programs that fall outside of the jurisdiction of the Senate and House Armed Services committees. The level mirrors the increased budget approved by Senate Armed Services in June.
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Update: Lawmakers Set to Propose Record $847B for Defense, $45B Over Biden’s Request (Truthout)
WNU Editor: If this budget increase is agreed to, it will be the largest-ever US defense budget, and I predict President Biden will sign it.
So why the massive increase?
You have to take into account inflation, but it also looks like the Russia - Ukraine war and the rise of China is spooking US lawmakers.