House, Senate Negotiators Reach Deal On Defense Policy Bill

WASHINGTON (AP) — House and Senate negotiators announced an agreement Tuesday on a $612 billion defense policy bill that President Barack Obama has threatened to veto. The legislation authorizes an increase in defense spending by padding a war-fighting account that's not subject to limits Congress has imposed on military and domestic spending. Among other things, the massive bill offers a slight pay increase to service members and authorizes funds for ships, aircraft and weapon systems.

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