Current:Home > ContactTwo Indicators: Economics of the defense industry -FinTechWorld
Two Indicators: Economics of the defense industry
View
Date:2025-04-12 22:53:52
The Department of Defense's proposed budget for 2024 is $842 billion. That is about 3.5% of the U.S.'s GDP. The military buys everything from pens and paper clips to fighter jets and submarines. But the market for military equipment is very different from the commercial market.
On today's episode, we're bringing you two stories from The Indicator's series on defense spending that explore that market. As the U.S. continues to send weapons to Ukraine and Israel, we first look at why defense costs are getting so high. Then, we dive into whether bare-bones manufacturing styles are leaving the U.S. military in a bind.
The original Indicator episodes were produced by Cooper Katz McKim with engineering from Maggie Luthar and James Willetts. It was fact-checked by Sierra Juarez and Angel Carreras. They were edited by Kate Concannon and Paddy Hirsch. Alex Goldmark is Planet Money's executive producer.
Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, Google Podcasts, the NPR app or anywhere you get podcasts.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Music: NPR Source Audio - "Sitting on A Hay Bale," and "In Dusk We Trust"
veryGood! (628)
Related
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- The Taylor Swift reporter can come to the phone right now: Ask him anything on Instagram
- Wolverine football players wear 'Michigan vs. Everybody' shirts for flight to Penn State
- RHOP's Karen Huger Reveals Health Scare in the Most Grand Dame Way Possible
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Peoria Book Rack is a true book lovers hub in Illinois: Here are the books they recommend
- 2024 Grammy nomination snubs and surprises: No K-pop, little country and regional Mexican music
- Why Spain’s acting leader is offering a politically explosive amnesty for Catalan separatists
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- The Excerpt Podcast: Man receives world's first eye transplant
Ranking
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Puerto Rico dentist fatally shot a patient who alleged attacked him at the office, police say
- Former Mississippi corrections officer has no regrets after being fired for caring for inmate's baby
- After a Last-Minute Challenge to New Loss and Damage Deal, U.S. Joins Global Consensus Ahead of COP28
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Walmart's Early Black Friday Deals Almost Seem Too Good To Be True
- 100 cruise passengers injured, some flung to the floor and holding on for dear life as ship hits fierce storm on way to U.K.
- Big Ten bans No. 2 Michigan coach Jim Harbaugh from final 3 games over alleged sign-stealing scheme
Recommendation
Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
The Taylor Swift reporter can come to the phone right now: Ask him anything on Instagram
U.S. veterans use art to help female Afghan soldiers who fled their country process their pain
Mitch McConnell, standing apart in a changing GOP, digs in on his decades-long push against Russia
Why members of two of EPA's influential science advisory committees were let go
Australian Mom Dies After Taking Ozempic to Lose Weight for Daughter's Wedding
Why Spain’s acting leader is offering a politically explosive amnesty for Catalan separatists
Forever Chemicals’ Toxic Legacy at Chicago’s Airports