Defense budget speeds toward $1 trillion, with China in mind

FILE - China's national flag is displayed next to the Pentagon logo at the Pentagon, Monday, May 7, 2012. The Pentagon will load up on advanced missiles, space defense and modern jets in its largest defense request in decades in order to meet the threat it perceives from China. The Defense Department's chief financial officer says the spending path will have the military's annual budget cross the $1 trillion threshold in just a matter of years. (AP Photo/Manuel Balce Ceneta, File)

WASHINGTON (AP) — The Pentagon intends to load up on advanced missiles, space defense and modern jets in its largest defense request in decades in order to meet the threat it perceives from China. The spending path would put the military's annual budget over the $1 trillion threshold in just a matter of years, its chief financial officer said Monday.

The administration is asking Congress for $842 billion for the Pentagon in the 2024 budget year. It’s the largest request since the peak of the Iraq and Afghanistan wars in the mid-2000s, when the weight of hundreds of thousands of troops deployed in those overseas conflicts ballooned overseas war spending.

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