Biden’s defense budget aims to curb China, gives troops 2.7% raise

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By Mike Stone WASHINGTON (Reuters) -U.S. President Joe Biden’s $715 billion Department of Defense budget includes a 2.7% pay raise for troops and shifts billions in spending from old systems to help pay to modernize the nuclear arsenal to deter China. The defense spending request for fiscal 2022, which was sent to Congress on Friday, invests in troop readiness, space, the Pacific Deterrence Initiative aimed at countering China’s military build-up in Asia and nuclear weapons technology. The budget request would buy warships and jets, and pay for maintenance and salaries. An additional $38 billi…

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