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The Department of Defense’s proposed budget for 2024 is $842 billion. That is about 3.5% of the U.S.’s GDP. The military buys everything from pens and paper clips to fighter jets and submarines. But the market for military equipment is very different from the commercial market.
On today’s episode, we’re bringing you two stories from The Indicator’s series on defense spending that explore that market. As the U.S. continues to send weapons to Ukraine and Israel, we first look at why defense
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