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Economy News

The Economic Times

Economy / The Economic Times

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US House narrowly passes record $1.15 trillion defense bill

The US House approved a defense bill authorizing record funding for the Pentagon. This legislation includes a pay raise for service members and strengthens missile defense systems. The bill faces further debate in the Senate as political polarization continues. Democrats expressed concerns over military spending and the bill's provisions. Increased cooperation with Israeli armed forces is also a point of contention.

23 Jul 2026 6:57 am