Thursday, December 09, 2010

US to Hike 2011 Military Budget

The US House of Representatives has approved a bill that boosts the country's defense budget to nearly $160 billion for 2011.

The figure reflects a $31 billion hike in the country's military budget for the 2010 fiscal year, which is reportedly $128 billion. Now the official cost for the wars in Iraq and Afghanistan for almost the past decade has surpassed $1.1 trillion.

The bill needs to be passed by the Senate and then signed by US President Barack Obama to take effect, the Associated Press reported on Wednesday.'


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