THE $715 BILLION TOP LINE: The White House Office of Management and Budget is releasing some bare-bones guidance today on what will be included in the Biden administration’s fiscal year 2022 spending request, and it pegs the Pentagon portion of the budget at $715 billion, according to reports in Bloomberg and Politico.

That compares to $704 billion for the current fiscal year, the last year of the Trump administration. The Trump Pentagon had been reportedly sketching out a $722 billion spending plan.

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