David Norquist, deputy Defense Secretary and chief financial officer at the Pentagon, told senators today that threats posed by China and Russia are the Defense Department’s (DoD) central problem – particularly in the race for technological defense capabilities – and largely justify the White House’s proposed $750 billion defense budget for FY2020. […]

Sen. John McCain, R-Ariz., chairman of the Senate Armed Services Committee, released a 33-page white paper detailing a $430 billion increase to the defense budget over the next five years. In addition to increasing spending and boosting the overall size of the military, McCain’s strategy calls for a re-balancing of high-tech and low-tech investments. […]