Defense funding

US Missile Stockpile Concerns: Aid to Israel Depletes Interceptors, Production Lags

The Pentagon is reporting increasing pressure on its missile stockpiles due to the ongoing conflict in the Middle East. A substantial request for over $3.5 billion in emergency funding has been made to replenish interceptors sent to Israel. This request highlights the urgent need to maintain adequate defense capabilities while supporting allies facing threats. The funding would replace interceptors used in defending against potential missile and rocket attacks.

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France Proposes Taxing the Rich to Fund Military Buildup

Facing growing European security threats and US disengagement, President Macron advocates for increased European defense spending exceeding 3% of GDP. France’s current €413 billion military planning law (2024-2030) is deemed insufficient, prompting exploration of alternative funding mechanisms, including private sector involvement. However, utilizing the popular Livret A savings account for defense is rejected. The challenge lies in balancing increased defense expenditure with France’s significant national debt and the recently passed budget’s austerity measures.

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