Everything about the Defense Department's proposed fiscal 2020 budget is big, from the largest pay raise for troops in a decade to a huge increase in the wartime budget.

The Pentagon's $718 billion request represents a nearly 5 percent increase to the $685 billion enacted for defense spending this fiscal year.

Under the pay raise included in the proposed fiscal 2020 budget, U.S. troops could get up to $1,000 extra per year, a Pentagon spokeswoman said.

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DoD photo

A key panel of House and Senate members on Wednesday announced a deal on a massive defense bill, pushing forward a nearly $700 billion plan to raise pay for servicemembers, increase the size of the military, fund new ships and aircrafts and authorize new spending on missile defense.

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