You are here

Politics

South Korea’s THAAD Missile Defense Systems Gets Land Approval

Lotte Group, South Korea’s fifth-largest conglomerate has agreed a land swap deal with the government that will allow the US to host the Terminal High Altitude Area Defense (THAAD) missile defense system on South Korean soil, defense ministry officials announce Monday. Xinhua reports: The ministry official said the signing ceremony would happen as early as Tuesday, adding that more details would be announced separately after the signing.

Trump Seeks "Historic" $54 Billion Increase To Defense Spending

As observed earlier in the day, as part of the leaked preliminary Trump budget, the president was set to unveil major spending increases for US defense offset by cuts to federal agencies, and other non-defense sectors. And on Monday morning, the first details emerged, including that the boost to defense spending is expected to be about 10%, or some $54 billion, and will be revenue neutral, offset by cuts in non-defense areas, and will not "add a dime to the deficit." As Trump said, he is seeking a "historic increase" in military spending.

Pages