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9% boost for defense spending in 2023

Senate Democrats on Thursday proposed a $792 billion defense spending package that would dramatically boost the White House’s military spending plans for fiscal 2023 but still didn’t total enough to satisfy congressional Republicans.

The appropriations bill, unveiled one month after House Democrats backed a smaller $761 billion defense spending plan for next year, includes money for a 4.6% pay raise for troops, $1.4 billion to expand industrial base capacity, and $2.2 billion to accelerate the development of new military capabilities in space.

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Richmond Area Chapter - MOAA

Richmond Area Chapter - MOAA

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