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Defense

Lloyd Austin recommends a $50 billion increase in defense spending

By Jenny Goldsberry
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Defense Secretary Lloyd Austin is recommending that the incoming administration spend $50 billion more on defense than President Joe Biden requested.

Austin’s five-year spending plan includes a projection to spend as much as $1 trillion on defense as soon as 2028. Meanwhile, Biden increased the 2025 budget by just 1%.

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Defense Defense Spending Joe Biden Lloyd Austin Trump Administration