Connect with us

Hi, what are you looking for?

Daily Market SolutionDaily Market Solution

Investing

US Senate advances $895 billion defense policy bill, voting continues

By Patricia Zengerle

WASHINGTON (Reuters) – The U.S. Senate on Monday voted to advance an $895 billion bill setting policy for the Pentagon toward passage as soon as Tuesday, which would send it to the White House for President Joe Biden to sign into law.

As voting continued, the tally was 72 to 12 in favor of advancing the National Defense Authorization Act, or NDAA, to a vote on final passage, comfortably over the 60 needed in the 100-member Senate, despite inclusion of a controversial policy targeting gender-affirming care for transgender children.

This year’s NDAA authorizes a record $895 billion in annual military spending, covering provisions on purchases of military equipment and boosting competitiveness with archrivals like China and Russia.

The 1,800-page bill also focuses on improving the quality of life for the U.S. military.

It authorizes a 14.5% pay increase for the lowest-ranking troops, and 4.5% for the rest of the force, higher than usual. It also authorizes the construction of military housing, schools and childcare centers.

The bill bans the military health program, TRICARE, from covering gender-affirming care for the transgender children of service members if it could risk sterilization.

This post appeared first on investing.com







    You May Also Like

    Editor's Pick

    Extremist supporters of former president Donald Trump are lashing out online against Usha Vance, the wife of Trump’s running mate, Sen. J.D. Vance (R-Ohio),...

    Investing

    Overview Energy Fuels (TSX:EFR,NYSE:UUUU) has been the largest producer of uranium in the United States and an emerging producer of rare earth elements (REEs)....

    Investing

    Investor Insight Silver prices breached $30/oz in the second half of May 2024 as investor demand drove prices to their highest in more than...

    Investing

    Overview Flynn Gold Limited (ASX: FG1) is an Australian mineral exploration company with a portfolio of projects in Tasmania and Western Australia. Tasmania is...

    Disclaimer: Dailymarketsolution.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 dailymarketsolution.com