The Biden administration's budget plan put forward on Thursday includes requests for billions of dollars of funding for the Indo-Pacific region aimed at countering China through infrastructure investments and other support for U.S. partners and allies in the region.
The budget proposal for 2024 includes $400 million for a fund to "counter specific problematic PRC behaviors globally," according to a State Department fact sheet.
The administration is requesting mandatory spending, in addition to traditional discretionary funding, including $2 billion to support infrastructure projects and $2 billion to strengthen Indo-Pacific economies and support partners to push back against China, Bass said.
"We are not looking to match China dollar for dollar, in part because any number of Chinese investments... don't make a lot of commercial sense," Bass said.Our Standards:
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