US Senate passes $886-billion draft defense budget for 2024 A total of 62 senators voted in favor, 10 were against The Senate of the US Congress approved the country’s draft defense budget for fiscal year 2024, worth record $886.3 billion, according to a live broadcast of the vote. A total of 62 senators voted in favor, 10 were against. After being approved by the Senate, the 3,000-page draft National Defense Authorization Act for Fiscal Year 2024 will be sent to the House of Representatives. The document allocates $300 million for financial aid to Ukraine in 2024. It is planned that another $300 million will be allocated for the purpose in fiscal year 2025. The overall defense budget will stand at record-high $886 billion, up 3% since last year. After being approved by both chambers of the US Congress, the document will go to US President Joe Biden for signing. #business #finance #financialservices
