Stoltenberg: NATO to increase defense spending

NATO defense spending will increase by $130 billion in 2020 and by $400 billion in 2024, NATO Secretary-General Jens Stoltenberg said.

The NATO chief already made a similar statement in early November. "The accumulated increase in defense spending by the end of 2024 will be $400 billion. This is unprecedented progress,"  Stoltenberg told a news conference before the NATO summit in London.