U.S. President Joe Biden on Monday proposed a record defense budget of $895.2 billion for fiscal 2025, saying more funding is needed to boost deterrence against China and in the Indo-Pacific region.The figure, however, represents only about a 1 percent increase from the $886.3 billion proposal made a year ago. Biden's administration says the latest request is also vital to enable the U.S. military to counter Russia and deal with other persistent threats posed by countries such as North Korea and Iran.The administration plans to spend a total of $7.27 trillion, an increase of 4.7 percent, in…READ FULL ARTICLE
