The US already has the largest defense budget in the world. Nevertheless, the US president is raising the budget: to $ 700 billion.
Donald Trump solves another campaign pledge by signing a bill to raise the defense budget to $ 700 billion (just under $ 600 billion). This will drive the restoration of “America’s power,” the US president said at a White House ceremony. ( US military budget )
The money will be used to finance new fighter jets, ships and tanks. The law had previously been passed by Congress, with the support of opposition Democrats.
However, it is still unclear how additional spending for the military should be counter-financed. Trump appealed to the opposition to work with the Republicans to provide the funds.
The US already has the largest defense budget in the world at around $ 600 billion. Trump’s predecessor Barack Obama had cut military spending in the course of withdrawing troops in Afghanistan and Iraq. ( US military budget )
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