US faces acute funding dilemma in race to maintain military edge

The US spends roughly US$900 billion (S$1.23 trillion) annually on its military, as much as the next 10 countries combined. But it is caught in an intensifying bind, as demands to spend even more in order to both keep up with China and maintain US power globally collide with domestic priorities, inducing concern and fueling debate in the national security community.

The Straits Times