News Snapshot:
On the 2020 campaign trail, candidate Joe Biden said President Trump had abandoned all fiscal discipline on military spending. Four years later, the Pentagon budget is $146 billion higher than when Trump left office, and President Biden just exploited a loophole in his budget deal with Rep. Kevin McCarthy (R-Calif.) to secure $67 billion more. In March, Congress approved $886 billion for the Pentagon, in line with the spending limits enforced by the Fiscal Responsibility Act (FRA). On Wednesday, Biden signed legislation containing $95 billion in “emergency” spending — which isn’t subject to the FRA’s spending limits — for Israel’s...