Trump Signs $700 Billion Military Budget

US President Donald Trump signed into law a sweeping defense bill that authorizes a $700 billion budget for the military, including additional spending on missile defense programs to counter North Korea’s growing nuclear weapons threat, Chicago Tribune reported.

The report said that the $700 billion budget won’t become reality until lawmakers agree to roll back a 2011 law that sets strict limits on federal spending, including by the Defense Department. The current law caps 2018 defense spending at $549 billion.

Before he signed the bill at the White House, Trump called on Congress to “finish the job” and end the cap on defense spending.

“I think it’s going to happen,” said Trump, joined by Defense Secretary Jim Mattis, Joint Chiefs of Staff Chairman Gen. Joseph Dunford and other senior military leaders. “We need our military. It’s got to be perfecto.”

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