Next year's defense dollars: 5.2% pay increase, 10 new warships and more on the table

The House and Senate armed services committees advanced markups of the 2024 National Defense Authorization Act last week, giving a first look at where defense dollars might go next year. In all, the budget calls for total spending of $886.3 billion on military and defense-related discretionary programs, which matches President Joe Biden’s proposal. While the House and Senate committees’ drafts ...

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