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00:02NATO leaders agreed to raise defense spending to 5% of GDP and reaffirm their ironclad commitment
00:07to mutual defense during a landmark summit in the Hague. The move seen as a major win for
00:11President Donald Trump responds to growing threats from Russia and reflects U.S. pressure
00:15for stronger European defense contributions. New spending targeted up from 2% to 3.5% for
00:22core defense and 1.5% for infrastructure and cybersecurity. While some nations like Spain
00:27and expressed concerns about affordability, leaders agreed to review the progress in
00:312029. Decorations supported Ukraine, but admitted past language about eventual NATO
00:35membership, showing a more cautious U.S. stance. Trump affirmed his support for NATO's
00:40Article 5, calling the summit tremendous. For all things money, visit Benzinga.com.
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