Defense spending is likely to decline or at least flat-line in the coming years, regardless of who wins November’s presidential election. The pressures on the economy from the coronavirus pandemic and a growing budget deficit are just too great. If former Vice President Joe Biden defeats President Donald Trump, the Pentagon’s $700 billion budget may be cut a bit deeper. But the biggest difference between Trump’s and Biden’s future defense budgets, many said, won’t be the bottom line of total spending — it will be how those dollars would be allocated.

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