Annual US defense budget law setting DoD spending and policy
CXMT’s Shanghai IPO has surged in value, spurring bipartisan concern in Washington about Beijing’s possible state backing. The Pentagon has placed CXMT on its security list, while lawmakers push for a classified briefing to assess national-security risks tied to China’s military-civil fusion strategy.
The National Defense Authorization Act has cleared the House with a 216-212 vote, boosting military spending and strengthening US-Israel defense cooperation. The measure now faces Senate scrutiny, with Democrats criticizing the price tag and war-related provisions while Republicans defend funding for readiness and security. The package also includes provisions tied to the SAVE America Act and election-related funding.
The U.S. has continued strikes on Iran while Tehran is expanding its regional actions to pressure allies and defend its strait-denied access. Israel remains on the sidelines as diplomacy and economic pressure shape the confrontation; the broader conflict now involves shipping lanes and allied responses.
Trump is increasing pressure on Senate Majority Leader John Thune to scrap the filibuster and pass the SAVE America Act, as Republican divisions over voting legislation intensify ahead of the August recess. The White House and Trump allies are pushing for a party-line vote, while lawmakers warn of votes and timing concerns amid a tenuous midterm landscape.
The Senate has passed a bipartisan short-term funding bill 90-6 to keep the federal government funded through Dec. 11. The measure blocks the administration from transferring funds to the Border Patrol, delays a national ban on intoxicating hemp products by one month, and pauses a proposed White House grants rule while negotiations on full-year spending continue.