Military spending News

Military spending News From AOL News

Tea Party-Backed Candidates Say Defense Not Exempt From Cuts

WASHINGTON -- Tea partiers clamoring for the debt-ridden government to slash spending say nothing should be off limits. Tea party-backed lawmakers echo that argument, and they're not exempting the military's multibillion-dollar budget in a time of war. That demand is creating hard choices for the newest members of...

Gates' Big Knife at the Pentagon: Who Wins, Who Loses

The official Pentagon spending request is still weeks away, but some winners and losers are already emerging in the battle for a shrinking portion of the budget pie. Defense Secretary Robert Gates announced major changes to the Pentagon's budget that are expected to rein in future defense spending. "We must come to...

Defense Chief Proposes Cuts to Military Budget

WASHINGTON -- Defense Secretary Robert Gates is announcing the latest round of cost-cutting measures for the military, including a plan to do away with a new amphibious vehicle that can ferry troops to shore while under fire. The plan is aimed at staving off potentially deeper cuts by the White House or Congress by...

Overcoming History, Britain and France Pool Military Assets

LONDON (Nov. 2) -- For much of the past millennium, the Franco-British relationship has been defined by a seemingly unending exchange of insults and projectiles. But the two countries' leaders today said au revoir to that ancient cross-channel rivalry and agreed to embark on a new era of unprecedented military...

New bin Laden Tape Rips Pakistan's Relief Efforts

(Oct. 1) -- Osama bin Laden takes Pakistan to task for not providing enough humanitarian aid for flooding victims in a new audio tape posted today on the Internet. The latest message attributed to bin Laden comes amid indications that the al-Qaida leader is behind the recently discovered plot to launch terrorist attacks...

Background on Military spending

A military budget (or military expenditure), also known as a defence budget, is the amount of financial resources dedicated by an entity (most often a nation or a state), to raising and maintaining an armed forces.

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