XM does not provide services to residents of the United States of America.

US House approves defense policy bill with divisive provision on abortion, transgender troops



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-US House approves defense policy bill with divisive provision on abortion, transgender troops</title></head><body>

Adds details on Senate version of bill

By Mike Stone and Richard Cowan

WASHINGTON, June 14 (Reuters) -The U.S. House Of Representatives on Friday passed its version of the annual defense policy bill that included measures taking aim at abortion rights and treatment of transgender service members, divisive social issues which threaten to derail the must-pass legislation.

The Senate Armed Services Committee will now work with the House to form a compromise version of the fiscal 2025 National Defense Authorization Act, or NDAA.

This year's House version of the bill, an annual measure that sets policy for the Department of Defense, authorizes a record $895 billion in spending, a 1% increase over last year.

The sprawling legislation was approved in the House by a vote of 217-199, with six Democrats in support and three Republicans voting no.

Senate Democrats are unlikely to go along with the conservative social issue provisions inserted into the measure.

The Senate's version of the bill, a summary of which was unveiled Friday, includes a $25 billion dollar increase to the national defense budget bringing the new top line to more than $920 billion. "We're going to work through this just like we always have," a Senate aide told reporters as its version of the bill was unveiled. The aide said the Senate version, which will be made public in the coming weeks, did not have any provision addressing abortion, setting up the process through which the two sides reach compromise on final language. The Senate version seeks to add $12.5 billion for disaster relief for the island of Guam. Guam is viewed as a key Pacific Ocean site from which U.S. forces could deter China. While the Senate did not seek to increase the number of Lockheed Martin LMT.N made F-35 jets, it did seek to add six F-15EX's made by Boeing BA.N, $4 billion for munitions and an increase to the submarine budget of $480 million - enough of an increase to fund a second Virginia Class submarine made by Huntington Ingalls Industries HII.N and General Dynamics GD.N. Republicans narrowly control the House with a 218-213 majority. Democrats control the Senate 51-49.



Reporting by Mike Stone in Washington; Editing by Caitlin Webber and Andrea Ricci

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.