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Thursday, April 18, 2024

U.S. Defense Spending Continues To Spiral Out of Control

How much the U.S. should allocate to the Department of Defense remains a contentious topic in the debate over government spending. 

After a great deal of chaos, on March 23—about halfway through the fiscal year—Congress approved an appropriations bill worth $825 billion for defense in FY 2024 to avoid a partial government shutdown, less than the $842 billion request by the administration. Not long before, on March 11, President Joe Biden's Administration submitted their request for FY 2025, which included $850 billion for defense.