‘THE WORLD HAS CHANGED’: Facing new threats from a revanchist Russia and a rising China, President Joe Biden has proposed a record $813 billion defense budget for the next fiscal year that boosts Pentagon spending by $30 billion (a 4% increase), includes the biggest pay raise for the military and civilian DOD workers in 20 years (4.6%), and invests heavily in new technologies, such as hypersonic missiles and robot systems.

“This will be among the largest investments in our national security in history,” said Biden as he unveiled his budget request and sent it to Congress along with a classified version of his new National Security Strategy. “Some people don’t like the increase, but we’re in a different world today,” he said. “America is more prosperous, more successful, and more just when it is more secure.”