US Taxpayers Foot $890M Daily Bill in Iran Conflict, Report Reveals
US military operations against Iran cost taxpayers $891 million daily, with $3.5 billion in unbudgeted expenses, risking long-term economic impacts, per CSIS analysis.
Defense Budget
China’s Military Prioritizes Defense Modernization, Reiterates Taiwan Stance in 2026 Session
China’s military outlines 2026 defense priorities, including a 6.9% budget increase and reaffirmed commitment to cross-strait stability during the ongoing legislative session.
Japan’s Fiscal Expansion Sparks Regional Economic Concerns
Japan’s expanded fiscal spending under PM Takaichi raises debt concerns and regional economic stability questions amid yen volatility.
China Urges US to Lead on Military and Nuclear Cuts
China’s Defense Ministry spokesperson calls on the US to lead in reducing its military expenditure and nuclear arsenal, highlighting America’s role in global disarmament efforts.
Taiwan Leader Lai Ching-te Calls for Increased Defense Budget Amid Peace Appeal
Taiwan leader Lai Ching-te calls for increased defense spending to strengthen the island’s defenses, emphasizing peace amid rising tensions with the Chinese mainland.
Taiwan Leader Lai Ching-te’s Peace Call Raises Cross-Strait Tensions
Taiwan leader Lai Ching-te’s call for increasing the island’s defense budget in his New Year speech has raised concerns over escalating tensions across the Taiwan Strait.