Federal Newscast

The Defense Department’s contract obligations, payroll spending and grant awards across the country totaled 609.2 billion dollars in fiscal 2023, which is equivalent to 2.2% of the United States GDP. Approximately 59% that went to ten states, including Texas, Virginia, California, Connecticut and Florida. Top three states by defense grant spending are California, Maryland and Michigan. Top three states by defense contract spending are Texas, Virginia and California. Over $431 billion went to contracts for products and services and more than $167 billion was used for DoD personnel salaries.  Learn more about your ad choices. Visit podcastchoices.com/adchoices