Bernie Sanders Stands Firm Against 'Bloated' $886B Defense Bill: 'A Corporate Welfare Program By A Different Name'
Portfolio Pulse from Shanthi Rexaline
Senator Bernie Sanders has voiced his opposition to the proposed $886 billion defense bill for fiscal year 2024, calling it a 'corporate welfare program'. He criticized the bill for being more than all other discretionary programs in the federal budget combined. Sanders also highlighted the issues the U.S. faces, including climate change and a broken healthcare system. He named Boeing Co. (BA), Lockheed Martin Corp. (LMT), and RTX Corp. (RTN) among the private contractors who would benefit from the bill.
July 26, 2023 | 8:27 am
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POSITIVE IMPACT
Boeing could potentially benefit from the proposed defense bill, as mentioned by Senator Sanders.
If the defense bill is passed, it could lead to increased contracts and revenue for Boeing, potentially boosting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Lockheed Martin is mentioned by Senator Sanders as a potential beneficiary of the proposed defense bill.
If the defense bill is passed, it could lead to increased contracts and revenue for Lockheed Martin, potentially boosting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
RTX Corp. is mentioned by Senator Sanders as a potential beneficiary of the proposed defense bill.
If the defense bill is passed, it could lead to increased contracts and revenue for RTX Corp., potentially boosting its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70