Joe Biden’s US$715 billion defence spending request to counter ‘top challenge’ from China

Apr 9, 2021 | INVESTING

US President Joe Biden’s upcoming budget proposal will seek US$715 billion for the Pentagon this year, in part to counter the “top challenge” of China.The proposal was the latest signal from the new administration that it sees competition with China as an urgent priority. “The discretionary request prioritizes the need to counter the threat from China as the [Defence] Department’s top challenge,” a summary of the upcoming budget proposal released by the White House on Friday said. Biden has not…

Read More

Pin It on Pinterest