The U.S. spent more on defense in 2012 than the countries with the next 10 highest budgets combined.
Budget cuts and troop reductions are on tap for the U.S. military — if Congress gives its approval. But the U.S. will still spend hundreds of billions of dollars on its armed forces per year, even with the proposed cutbacks.
The $682 billion spent by the U.S. in 2012, according to the Office of Management and Budget, was more than the combined military spending of China, Russia, the United Kingdom, Japan, France, Saudi Arabia, India, Germany, Italy and Brazil — which spent $652 billion, according to the SIPRI Military Expenditure Database.
First published February 24 2014, 10:50 AM
Mark Koba is a senior editor at CNBC.com. Topics for his feature story writing include the business of politics, health care, employment and the economy.
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Before working at CNBC.com, he spent 11 years at Bloomberg LP, where among various duties, he was program producer for the award-winning "Bloomberg Small Business" television show.
Koba's background includes a decade of news writing and show producing at CNN, E! Entertainment Television, ABC's "World News Now," "Good Morning America" and CBS' "This Morning."