The US Capitol building in Washington, DC. (Getty Images)

The US Congress has approved a budget outline that will provide USD886 billion for defence in fiscal year (FY) 2024, which is the same as President Joe Biden's request and up USD28 billion or 3.3% from the FY 2023 enacted level.

The Senate endorsed the plan on 1 June, a day after the House of Representatives did the same. Biden signed the measure into law on 3 June.

The defence funding, along with cuts in non-defence spending, is included in the Fiscal Responsibility Act of 2023, which also raises the US government's debt ceiling to avert an imminent default on its financial obligations. Under the legislation, which the Democratic president negotiated with Republican House Speaker Kevin McCarthy, defence funding will rise 1% to USD895 billion in FY 2025.

The US Capitol building in Washington, DC. (Getty Images)

The US Congress has approved a budget outline that will provide USD886 billion for defence in fiscal year (FY) 2024, which is the same as President Joe Biden's request and up USD28 billion or 3.3% from the FY 2023 enacted level.

The Senate endorsed the plan on 1 June, a day after the House of Representatives did the same. Biden signed the measure into law on 3 June.

The defence funding, along with cuts in non-defence spending, is included in the Fiscal Responsibility Act of 2023, which also raises the US government's debt ceiling to avert an imminent default on its financial obligations. Under the legislation, which the Democratic president negotiated with Republican House Speaker Kevin McCarthy, defence funding will rise 1% to USD895 billion in FY 2025.

The US Capitol building in Washington, DC. (Getty Images)

The US Congress has approved a budget outline that will provide USD886 billion for defence in fiscal year (FY) 2024, which is the same as President Joe Biden's request and up USD28 billion or 3.3% from the FY 2023 enacted level.

The Senate endorsed the plan on 1 June, a day after the House of Representatives did the same. Biden signed the measure into law on 3 June.

The defence funding, along with cuts in non-defence spending, is included in the Fiscal Responsibility Act of 2023, which also raises the US government's debt ceiling to avert an imminent default on its financial obligations. Under the legislation, which the Democratic president negotiated with Republican House Speaker Kevin McCarthy, defence funding will rise 1% to USD895 billion in FY 2025.

The US Capitol building in Washington, DC. (Getty Images)

The US Congress has approved a budget outline that will provide USD886 billion for defence in fiscal year (FY) 2024, which is the same as President Joe Biden's request and up USD28 billion or 3.3% from the FY 2023 enacted level.

The Senate endorsed the plan on 1 June, a day after the House of Representatives did the same. Biden signed the measure into law on 3 June.

The defence funding, along with cuts in non-defence spending, is included in the Fiscal Responsibility Act of 2023, which also raises the US government's debt ceiling to avert an imminent default on its financial obligations. Under the legislation, which the Democratic president negotiated with Republican House Speaker Kevin McCarthy, defence funding will rise 1% to USD895 billion in FY 2025.

The US Capitol building in Washington, DC. (Getty Images)

The US Congress has approved a budget outline that will provide USD886 billion for defence in fiscal year (FY) 2024, which is the same as President Joe Biden's request and up USD28 billion or 3.3% from the FY 2023 enacted level.

The Senate endorsed the plan on 1 June, a day after the House of Representatives did the same. Biden signed the measure into law on 3 June.

The defence funding, along with cuts in non-defence spending, is included in the Fiscal Responsibility Act of 2023, which also raises the US government's debt ceiling to avert an imminent default on its financial obligations. Under the legislation, which the Democratic president negotiated with Republican House Speaker Kevin McCarthy, defence funding will rise 1% to USD895 billion in FY 2025.

The US Capitol building in Washington, DC. (Getty Images)

The US Congress has approved a budget outline that will provide USD886 billion for defence in fiscal year (FY) 2024, which is the same as President Joe Biden's request and up USD28 billion or 3.3% from the FY 2023 enacted level.

The Senate endorsed the plan on 1 June, a day after the House of Representatives did the same. Biden signed the measure into law on 3 June.

The defence funding, along with cuts in non-defence spending, is included in the Fiscal Responsibility Act of 2023, which also raises the US government's debt ceiling to avert an imminent default on its financial obligations. Under the legislation, which the Democratic president negotiated with Republican House Speaker Kevin McCarthy, defence funding will rise 1% to USD895 billion in FY 2025.