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J. Scott Applewhite / AP

We're a long way from candidate Trump calling NATO "obsolete," but when President Trump's Defense secretary visits Europe next month he'll still have some tough words for U.S. allies. That's because none of them spend what they're required to on defense — candidate and President Trump have criticized other countries for not paying their fare share. As far as Nato, according to the FT:

Nato's current long-term objective is to bring defence annual spending in all 28 member states to 2 per cent of economic output. At present, only by the US, UK, Estonia, Poland and Greece meet this target.

By one accounting cited by the FT, Germany should spend $30 billion more each year by 2024, Italy and Canada would have to spend $18 billion, Spain would need to spend $16 billion and France is on the hook for $6 billion. However boosting their defense spending would probably put them in violation of EU budget rules.

Why this matters: This was something the Obama administration pressed Europe on as well, but as one diplomat told the FT: "There is an understanding that this matters to this American administration even more than it did to the previous one."

Go deeper

Dion Rabouin, author of Markets
44 mins ago - Economy & Business

The Fed could be firing up economic stimulus in disguise

Federal Reserve governor Lael Brainard at a "Fed Listens" event. Photo: Eric Baradat / AFP via Getty Images.

Even as global growth expectations increase and governments pile on fiscal spending measures central bankers are quietly restarting recession-era bond-buying programs.

Driving the news: Comments Tuesday from Fed governor Lael Brainard suggest the Fed may be jumping onboard the global monetary policy rethink and restarting a program used following the 2008 global financial crisis.

Democrats' hypocrisy moment

Illustration: Eniola Odetunde/Axios. Photo: Ray Tamarra/Getty Images

Gov. Andrew Cuomo should be facing explicit calls to resign from President Biden on down, if you apply the standard that Democrats set for similar allegations against Republicans. And it's not a close call.

Why it matters: The #MeToo moment saw men in power run out of town for exploiting young women. Democrats led the charge. So the silence of so many of them seems more strange — and unacceptable by their own standards — by the hour.

Police officers' immunity from lawsuits is getting a fresh look

Illustration: Aïda Amer/Axios

Nearly a year after the death of George Floyd, advocates of changes in police practices are launching new moves to limit or eliminate legal liability protections for officers accused of excessive force.

Why it matters: Revising or eliminating qualified immunity — the shield police officers have now — could force officers accused of excessive force to personally face civil penalties in addition to their departments. But such a change could intensify a nationwide police officer shortage, critics say.