As COVID-19 reshapes our economy, our newsletter will help you unpack the news from the day.
New Pentagon head to push NATO on military spending
A car drives past graffiti reading "Thank you NATO" and featuring the U.S. flag near the village of Stagovo, Kosovo, on March 24.
ARMEND NIMANI/AFP/Getty Images
Mark Esper takes over Monday as acting secretary of defense, and this week at a NATO meeting he will continue the Trump administration’s push for trans-Atlantic allies to boost defense spending to the alliance goal of 2% of gross domestic product. Esper will focus on “more equitable burden sharing,” according to a Pentagon statement.
Already there has been movement toward the goal. Several NATO members increased military investments following escalation with Russia over the past few years, said defense analyst Byron Callan of Capital Alpha Partners. It’s part of a decadelong upward trend, following a post-Cold War period of “peace dividend” spending declines, said Rachel Rizzo, fellow at the Center for a New American Security.
Click the audio player above to hear the full story.
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.
Get the latest
Our daily newsletter unpacks what’s happening in the COVID-19 economy and what it means for you.