Find the latest episode of "The Uncertain Hour" here. Listen

New Pentagon head to push NATO on military spending

Scott Tong Jun 24, 2019
HTML EMBED:
COPY
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

New Pentagon head to push NATO on military spending

Scott Tong Jun 24, 2019
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
HTML EMBED:
COPY

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.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.