Defense Spending Bill News

"Key Inclusions in the FY24 Defense Spending Bill: Ukraine Aid, Space Force Budget Cut, Troop Bonuses, and More"

The compromise text of the fiscal 2024 defense spending bill, totaling $825 billion, includes funding for eight battle ships, new aircraft, and multiyear procurement for critical munitions. It also provides a small amount of Ukraine military aid, retains $300 million for the Ukraine Security Assistance Initiative, and allocates funds for various defense programs. The bill eliminates some Republican amendments and includes a boost to the Pentagon's Defense Innovation Unit, while cutting funding for the Defense Department civilian workforce.