Jul 11, 2018

Trump calls on NATO to dramatically increase defense spending

Photo: Geoffroy van der Hasselt/AFP via Getty Images

During Wednesday's NATO summit in Belgium, President Trump called on NATO members to commit to spending 4% of GDP on defense, up from the current 2% target that members are struggling to meet.

Why it matters: The U.S., which spends by far the most on defense, doesn't even spend 4% of GDP. Allies are feeling the pressure to increase their spending, but some may take this as an indication that Trump doesn't actually want progress toward that goal, but instead wants to challenge and even undermine an alliance he feels is deeply unfair for the U.S.

Go deeper: NATO defense spending by the numbers

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Situational awareness

Photo: Scott Olson/Getty Images

Catch up on today's biggest news:

  1. Warren supporters form super PAC
  2. We may be on "the brink" of coronavirus pandemic
  3. Pentagon policy chief resigns
  4. National polls show Bernie in control ahead of Nevada
  5. How a Chinese think tank rates all 50 U.S. governors
  6. Sanders and Bloomberg battle over heart health

Trump has declared war on sanctuary cities

Illustration: Sarah Grillo/Axios

Armed with subpoenas, lawsuits and immigration SWAT teams, the Trump administration has declared war on sanctuary cities.

The big picture: President Trump and his administration have used every available tool to try to crack down on local governments that refuse to hold immigrants in criminal custody, block immigration agents from working in county jails or deny federal authorities access to immigrants' records.

Peter Thiel's Founders Fund isn't really Peter Thiel's Founders Fund

Illustration: Photo Illustration: Eniola Odetunde/Axios. Photos: Charles Eshelman, Steve Jennings, and Chip Somodevilla/Getty Images

Founders Fund has raised $3 billion for a pair of new funds, so expect a slew of headlines about how "Peter Thiel's venture capital firm" is now flush with cash.

Behind the scenes: Thiel is essential to Founders Fund, but he's not autocratic. Instead, Axios has learned that he's one of three people with veto power over most FF investments, and is unable to do a deal without approval of the other two.