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US OKs $690 billion in 2012 military spending

US OKs $690 billion in 2012 military spending

13 May 2011 08:27 (UTC +04:00)

Baku - APA-Economics. A House of Representatives’ committee approved on Thursday $690 billion for the U.S. military complex in fiscal 2012, including the war in Afghanistan and transition in Iraq, likely a high-water mark, CNBC reported.

The Armed Services panel voted 60 to 1 to authorize $553 billion of the total for the Defense Department’s base budget, matching President Barack Obama’s request sent to Congress in February.

Also approved during a marathon session that ended about 2:30 a.m. was $119 billion for "overseas contingency operations," $41.5 billion less than requested last year, reflecting the troop drawdown in Iraq.

In addition, the committee cleared $18 billion for the Energy Department’s military-related nuclear activities, Chairman Howard McKeon, a California Republican, said in a statement.

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