* The House voted on Tuesday night to approve a nearly $700 billion spending bill - the annual National Defense Authorization Act
* The bill, which has always received wide bipartisan support, was easily passed and will now move to the Senate
* This year's plan sees an increase in spending on measures aimed to counter threats posed by Russia, in Ukraine, and China, in Taiwan
* The bill also allocates significant sums for the purchase of new fighter jets, with financing approved for 17 F-15s and 12 Super Hornets
* Troops will also be given a 2.7 per cent pay increase, and funding will be provided for reforms of the military justice system to combat sexual assault
* Nancy Pelosi said it was a 'strong, bipartisan defense bill'
A $770 billion military spending bill was passed by the House on Tuesday evening and now heads to the Senate, with its planned purchases including top-of-the-range fighter jets to combat potential threats from Russia and China.
The bill passed is worth $25 billion more than what was originally requested by Biden in May, and highlights the growing threat posed by Vladimir Putin and Xi Jinping.
The lower chamber overwhelmingly passed the National Defense Authorization Act (NDAA) by a vote of 363-70, hours after the House and Senate Armed Services committees released the bill's text.
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Update #1: House passes bill authorizing $770 billion in Pentagon funding and setting Defense policy (CNN)
Update #2: House passes compromise defense policy bill (Roll Call)
WNU Editor: This is a major boost from what the Biden administration had first proposed.
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