• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

US Senate advances $895 billion defense policy bill, voting continues

by December 17, 2024
written by December 17, 2024

By Patricia Zengerle

WASHINGTON (Reuters) – The U.S. Senate on Monday voted to advance an $895 billion bill setting policy for the Pentagon toward passage as soon as Tuesday, which would send it to the White House for President Joe Biden to sign into law.

As voting continued, the tally was 72 to 12 in favor of advancing the National Defense Authorization Act, or NDAA, to a vote on final passage, comfortably over the 60 needed in the 100-member Senate, despite inclusion of a controversial policy targeting gender-affirming care for transgender children.

This year’s NDAA authorizes a record $895 billion in annual military spending, covering provisions on purchases of military equipment and boosting competitiveness with archrivals like China and Russia.

The 1,800-page bill also focuses on improving the quality of life for the U.S. military.

It authorizes a 14.5% pay increase for the lowest-ranking troops, and 4.5% for the rest of the force, higher than usual. It also authorizes the construction of military housing, schools and childcare centers.

The bill bans the military health program, TRICARE, from covering gender-affirming care for the transgender children of service members if it could risk sterilization.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Fed likely to cut again in January as labor market to soften: Standard Chartered
next post
Australia’s prudential regulator finds gaps in super fund valuation, liquidity practices

You may also like

Trump’s Colombia tariffs on hold after Bogota agrees...

March 13, 2026

Analysis-To weather Trump, emerging market investors look to...

March 13, 2026

Fuji Media, rocked by sexual misconduct allegations, says...

March 13, 2026

China central bank conducts 1.7 trln yuan of...

March 13, 2026

European tech shares tumble as China’s AI push...

March 13, 2026

ECB president fears loss of central bank independence

March 13, 2026

Futures slip as investors eye China’s latest AI...

March 13, 2026

How billionaire Caltagirone could influence Italy’s banking M&A...

March 13, 2026

Markets may be repeating the mistake of 2019,...

March 13, 2026

How Italy’s MPS went from near collapse to...

March 13, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • What falling wage growth says about where the U.S. economy is heading

      April 7, 2026
    • Savannah Guthrie returns to ‘TODAY’ amid search for mother: ‘It’s good to be home’

      April 7, 2026
    • U.S. added 178,000 jobs in March, reflecting resilient labor market just as Iran war escalated

      April 6, 2026
    • U.S. oil has its biggest one-day price increase in six years, driving the cost of gas even higher

      April 6, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (726)
    • Stock (6,426)

    Latest News

    • What falling wage growth says about where the U.S. economy is heading
    • Savannah Guthrie returns to ‘TODAY’ amid search for mother: ‘It’s good to be home’

    Popular News

    • Blackstone tops profit estimate as its assets hit record, dealmaking picks up
    • ECB’s rate cut direction clear, pace up for debate, Lagarde says

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy