The US defense budget at $596 billion still makes it the world’s largest military spender, nearly three times second place China with $215 billion, according to a report from the Stockholm International Peace Research Institute (SIPRI). The US military expenditure fell 2.4 percent last year, the slowest pace since 2011. Despite this, Washington still spends … Continue reading World military spending grows to $1.7tn in 2015 – Swedish think tank