Defense Secretary Lloyd Austin and Joint Chiefs Chair Gen. Mark Milley urged lawmakers to pass the 2024 defense budget on time to avoid default and global embarrassment.
Fox News senior strategic analyst Gen. Jack Keane discusses the economic threat from China and why it sees Europe as a major trading partner on "Your World."warned Congress in stark tones Thursday that defaulting on the military budget would not only be bad for the U.S.’s global standing but would further embolden China.
"China right now describes us in their open speeches, etc., as a declining power," Milley said."Defaulting on the debt would only reinforce that thought and embolden China and increase risk to the United States." Biden has called for a $28 billion increase to the defense budget, pushing the allotted sum for defense programs like the Pentagon, FBI and Department of Energy to a whopping $886 billion spending limit. But Republicans have rejected the push and are looking to make spending cuts – aAustin told lawmakers that the U.S. is"viewed as being a source of stability globally, and we always pay our debts.
"I would point out that the [People’s Republic of China] is not waiting," Austin said."Our budget is directly linked to our strategy. And of course, if we don't have a budget, we can't effectively execute that strategy."
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