In a high-stakes bid to counter the People’s Liberation Army Navy’s (PLAN) expanding maritime power, the US Navy’s ambitious plan to add 85 ships to its fleet comes with a jaw-dropping price tag of US$1 trillion, according to an analysis by the Congressional Budget Office (CBO) released on January 6. The CBO’s report focuses on … Continue reading US Navy Staring At “Smallest Fleet” In Decades; USN Needs ‘$1 Trillion’ To Counter China’s Naval Might: CBO