On Thursday, President Trump enacted the National Defense Authorization Act (NDAA), setting the stage for defense spending and key priorities in the coming year.

This legislation authorizes an unprecedented $901 billion for military expenditures in fiscal year 2026, surpassing the Trump administration’s original request by approximately $8 billion. The act ensures a nearly 4 percent pay raise for military personnel, allocates $400 million in aid to Ukraine over the next two years, and imposes restrictions on U.S. investments in China.