Can the U.S. Afford Its Military Aid Promises?


CNBC - TRANSCEND Media Service

16 May 2024

Joe Biden signed a $95 billion U.S. military aid package last April to Ukraine, Israel, Taiwan and the Indo-Pacific region. The National Defense Authorization Act of 2024 authorized military spending of a record $886 billion. “Most of that money will go to support US defense industries.” Lockheed Martin, RTX, General Dynamics, Boeing and Northrop Grumman had DoD contracts of more than $118 billion in 2022.

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This article originally appeared on Transcend Media Service (TMS) on 20 May 2024.

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