Republicans in Congress are criticizing President Joe Biden's budget proposal for the Dept. of Defense as being insufficient given persistently high inflation.
Former chief of staff at the Department of Defense Kash Patel breaks down President Biden's proposal for an $886 billion defense budget.
Republican lawmakers are criticizing the Biden administration’s budget proposal for the Pentagon as being too small to account for the effects of persistent inflation as the military looks to counterPresident Joe Biden’s budget proposal included an overall $886 billion for national security programs including $842 billion for the Dept. of Defense in fiscal year 2024, an increase of 3.2% or $26 billion over the $816 billion enacted for the DOD in FY2023.
However, that 3.2% increase falls short of inflation, which remains at 6% year-over-year based on thefrom the Bureau of Labor Statistics released Tuesday. That means in real terms, the president’s budget proposal would see the Pentagon’s purchasing power decline by 2.8% relative to last year based on current inflation.
President Joe Biden's budget proposal for the Dept. of Defense includes a 3.2% increase that would be outpaced by inflation, which remained elevated at 6% year-over-year in the February reading released Tuesday. "President Biden’s defense budget remains woefully inadequate for this dangerous moment," Senate Armed Services Committee Ranking Member Roger Wicker said in a tweet. "At minimum, we need to pursue growth above inflation if we want to deter the Chinese Communist Party for the long haul."to grow at a rate of 5% above inflation.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Biden claims Republicans in Congress calling for ‘defunding the police’President Biden accused congressional Republicans Tuesday of “calling for … defunding the police.”
Consulte Mais informação »
Opinion | Trump’s Third-Party Play in 2024From WSJopinion: The winner-take-all nature of many GOP primaries could help Trump rack up enough delegates to prevent any challenger from gathering steam, writes wjmcgurn
Consulte Mais informação »
Biden’s TikTok Dilemma: A Ban Could Hurt Democrats More Than RepublicansMany politicians are clamoring for action to address a perceived security risk from Chinese-owned TikTok, but President Biden has been largely silent
Consulte Mais informação »
Republicans demand Biden's energy secretary retract 'unserious' comments praising ChinaRepublicans on the House Energy and Commerce Committee demanded Energy Secretary Jennifer Granholm retract recent comments praising China's climate agenda as a model for America.
Consulte Mais informação »
House Republicans meeting Monday evening to plot response to Biden’s handling of SVB collapseThe briefing will be led by House Financial Services Chair Patrick McHenry and members of his committee, multiple sources confirmed to Fox News Digital
Consulte Mais informação »
Republicans to View Hunter Biden’s Financial RecordsHouse Republicans will review government reports of suspicious financial transactions related to President Biden’s family members, resolving an early rift with the administration as Republicans mount an aggressive inquiry into the president’s son Hunter Biden.
Consulte Mais informação »