The United States must remain the most powerful nation on Earth if peace is to continue between the U.S., China and Russia, said Chairman of the Joint Chiefs of Staff Army Gen. Mark A. Milley.
For the first time, the United States is facing two major nuclear powers, whose vital national security interests are in competition with the U.S.
Both China and Russia have the means to threaten U.S. national security. But war with either is "neither inevitable nor imminent," Milley said during testimony about the Defense Department's fiscal year 2024 budget request.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.