Biden signs $778 bil. defense policy bill with eye on China's rise

U.S. President Joe Biden on Monday signed into law a $778 billion defense spending bill that includes further investment in beefing up deterrence in the Indo-Pacific amid China's rise and a statement of support for the defense of Taiwan.The National Defense Authorization Act for fiscal 2022 through next September authorizes about 5 percent more in spending than last year's budget. It also earmarks $7.1 billion for the "Pacific Deterrence Initiative," a more than three-fold increase from fiscal 2021.The defense spending focuses on "the most vital national security priorities" for the United …READ FULL ARTICLE