NATO Chief Says 'Hundreds Of Billions' In New Defense Spending Is Coming As Trump Sends More US Troops To Poland

On Friday, North Atlantic Treaty Organization (NATO) Secretary General Mark Rutte said that alliance members are preparing to pour "hundreds of billions" of additional dollars into defense spending as President Donald Trump announced plans to deploy 5,000 more U.S. troops to Poland.
NATO Defense Spending Surge Gains Momentum
Speaking ahead of a NATO meeting in Helsingborg, Sweden, Rutte said alliance members are rapidly increasing military budgets as Europe confronts long-term security threats, particularly from Russia, CNBC reported.
"The money is really coming in," Rutte told reporters, adding that allies are "committing more and more" toward defense investments.
Last year, NATO members agreed to raise the alliance's defense spending target from 2% of gross domestic product to 5% by 2035