The Biden administration’s defense budget for fiscal year (FY) 2025 is only a 1 percent increase from last year’s, a slowdown in spending that will prevent the Pentagon from quickly refilling weapons stocks gutted by the wars in Ukraine and Israel, according to documents released Monday. The $895.2 billion proposal, while the highest number ever for defense, is constrained by budget caps agreed to last summer by President Biden and then-House Speaker and former Rep. Kevin McCarthy (R-Calif.), which hold spending increases to 1 percent for the next two years. While the request will certainly meet opposition from the Republican-controlled House, it offers a starting point for negotiat
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