Biden Signs $768 Billion Defense Spending Bill Into Law

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President Joe Biden on Monday signed into law a nearly $770 billion defense bill, setting policy for the Pentagon on a number of areas, the White House announced.

The sweeping National Defense Authorization Act (NDAA) for fiscal year 2022 authorizes a 5 percent increase ($25 billion) in military spending from last year and includes a 2.7 percent pay raise for most military service members.

Congress earlier this month scrambled to pass the annual legislation, with the Senate and the House of Representatives voting overwhelmingly in favor of the bill after several hurdles over China and Russia policy.

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