Germany exempts defense spending, creates 500 billion euro fund for security and infrastructure amid U.S. concerns.

German lawmakers have struck a crucial deal to exempt specific defense expenditures from debt rules, aiming to enhance the nation's defense capabilities in response

German lawmakers have struck a crucial deal to exempt specific defense expenditures from debt rules, aiming to enhance the nation's defense capabilities in response to U.S. security worries. The agreement entails the creation of a substantial 500 billion euro investment fund, catering to defense, infrastructure, and climate initiatives. This development is pending final approval from the parliament.