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In Depth with Francis Rose features daily interviews with top government executives and contractors. Listen live from 4 to 7 p.m. or download his archived interviews on our daily show blogs.
DoD spending growth slows to 3 percent
Monday - 4/11/2011, 2:51pm EDT
New figures show U.S. defense spending grew by just under 3 percent last year. That's compared with more than seven percent on average for most of the decade.
Still, the Stockholm International Peace Research Institute says the U.S. continues to dominate world defense spending - about $700 billion last year. China comes in second, about six times less.
This story is part of Federal News Radio's daily DoD Report. For more defense news, click here.