Trump Signs Defense Spending Bill Giving 2.6% Pay Raise to US Troops

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President Donald Trump has signed a $716 billion defense policy bill named for John McCain after delivering remarks that failed to mention the ailing senator.

The $716 billion defense bill, which is created to build up the military, is named after one of the president's most vocal critics, Republican Arizona Sen.

At a ceremony at the U.S. Army's Fort Drum base in New York, Trump touted the bill as "the most significant investment" in the country's military in modern history. Even though Trump has obviously disrespected McCain multiple times and failing to acknowledge his name at Fort Drum, at the end of the day, it is most important that the bill is passed.

The bill represents a $82 billion funding increase for the Department of Defense over the current period, including a $617 billion Pentagon budget, $22 billion for the nuclear weapons program and $69 billion for US military efforts overseas.

On Monday, Trump made no mention of the bill's namesake.

Every year, the House and Senate come together to pass the National Defense Authorization Act, which authorizes the policies under which funding will be set by the appropriations committees.

La crisis de Turquía y cómo afecta al peso mexicano
Por primera vez, el dólar se cotizó a más de siete liras y el euro a más de ocho liras . En los mercados asiáticos continuó hoy la caída de la lira turca .

Leaders of USA intelligence agencies have said they are concerned that ZTE, Huawei Technologies Co Ltd and some other Chinese companies are beholden to the Chinese government or Community Party, raising the risk of espionage.

Trump warned in May that the ban was causing heavy job losses in China, and the Commerce Department reached a deal to lift the ban in June, allowing business with US companies to resume.

The White House said the NDAA helps to develop "a more lethal and resilient force", and will increase the size of USA forces by authorizing 15,600 more troops across the Army, Navy, Air Force, and Marine Corps.

Turkey invested 1.25 billion dollars in the development of the fighter jet, and a number of Turkish companies were involved in its manufacture.

He said the Chinese military has launched a new military division to oversee its warfighting programs in space. The NDAA allows $7.6 billion for 77 of Lockheed Martin LMT 's F-35 Joint Strike Fighters.

Apart from Turkey, the U.S., U.K., Italy, the Netherlands, Canada, Australia, Norway and Denmark are also present as participant members of the F-35 fighter jet program.

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