9, February 2018
France to spend $33bn on upgrading nukes to meet NATO commitments 0
France is planning to spend $33 billion (€27bn) to upgrade its arsenal of nuclear weapons as part of a massive $370 billion (€300bn) military spending over the next few years to meet the NATO military alliance’s requirements, the French defense chief has announced.
Speaking to the media on Thursday, French Defense Minister Florence Parly said Paris wanted to increase its military budget so that it can “hold its own” as a key power in Europe.
“The government’s goal is twofold: reach the target of spending two percent of GDP on defense by 2025, while also ensuring we manage our public finances,” Parly said.
France spends $42 billion (€34bn) or 1.8 percent of its GDP for military purposes, slightly less than the two-percent threshold set by NATO.
Under the new plan, President Emmanuel Macron’s government increases overall spending by $2 billion (€1.7bn) a year starting from 2019 until 2022, when it will reach $53 billion (€44bn). Then the budget would be bumped up by $3.6 billion (€3bn) a year between 2023 and 2025.
By then, Paris is supposed to have completed the expensive revamp of its nuclear arsenal, with work on a third-generation nuclear submarine program and a new generation of airborne nuclear missiles already underway today.
“We are going to make up for past shortfalls and build a modern, sustainable, protective army” that would allow France “to hold its own,” said Parly.
French military forces are currently deployed to West Africa on a declared mission to fight militant groups.
The country is also a main contributor to a US-led coalition that has been targeting alleged terrorist positions in Iraq and Syria since 2015.
The years-long operations have put strain on France’s military forces and equipment.
With thousands of troops overseas, the new program allows the defense department to perform a host of upgrades on equipment, from bullet-proof vests to combat uniforms.
There will also be a 34-percent increase in spending on “modernizing weaponry,” which includes buying new Scorpion armored vehicles, four Barracuda attack submarines and three multi-mission frigates, as well as a new fleet of Griffon multi-role armored vehicles.
There are also plans to develop new spy satellites, light surveillance aircraft, new Rafale fighter jets and armed drones. Air tankers are also on the long list of upgrades.
The development is a major reversal in France’s military strategy over the past years and is expected to please US President Donald Trump, who has put NATO allies under pressure to increase their military budgets.
Source: Presstv
9, February 2018
White House warns of another US government shutdown as spending bill stalls in Senate 0
The White House has warned that the US government faces a second shutdown in three weeks as Congress encounters obstacles to pass a temporary spending bill before midnight.
The White House’s Office of Management and Budget “is currently preparing for a lapse in appropriations,” an OMB official said Thursday, calling on lawmakers to get the measure to President Donald Trump’s desk “without delay.”
With just hours to go before current federal funding expires, the effort stalled in the Senate when one lawmaker blocked a quick vote on the compromise bill in the upper chamber of Congress.
The legislation, which extends government funding for six weeks and raises the federal debt ceiling, would break the cycle of government funding crises.
Republicans and Democrats agreed Wednesday on a two-year deal to increase government spending. But the bill hit a stumbling block after Senator Rand Paul refused to allow the Senate to act expeditiously to pass the spending measure.
Moving legislation swiftly through the Senate requires consent by all 100 members, but Paul objected.
The legislation is expected to increase the bulging federal deficit which is estimated to be around $440 billion for fiscal year 2018.
“I can’t in all good honesty and all good faith just look the other way because my party is now complicit in the deficits,” Paul said.
If the Republican senator from Kentucky stands his ground, congressional rules dictate that Senate Majority Leader Mitch McConnell can declare a new session at midnight Friday, then hold a procedural vote on the spending bill one hour into the new day. A final vote would follow.
If passed, the bill would then head to the House of Representatives. If it passes, it would be sent to the White House for a signature by Trump, who supports the measure.
But the deal’s fate in the lower chamber is far from certain. Fiscal conservatives in the House may join with Paul in balking at adding billions of dollars to the national debt two months after passing a $1.5 trillion tax cut package.
The US government shut down for two days last month after a failure to pass legislation to fund government operations and agencies.
There have been four government shutdowns between 1990 and 2017. In 2013, government funding lapsed for 16 full days and more than 800,000 government workers were put on temporary leave.
Source: Presstv