Global military spending surged by almost 3% in 2025, fueled largely by ballooning defense expenditures in Europe and Asia, according to a report released Monday by a respected arms watchdog group.

American military spending is a number people throw around constantly — especially when we’re at war or there’s a new budget bill on the table. That number can seem abstract in its massiveness, so let ...

Rising defense spending requires difficult fiscal choices to avoid raising vulnerabilities, while post-war recovery hinges on policies to reduce uncertainty, rebuild capital, and help displaced people ...