House lawmakers back plans for biggest military pay raise in 22 years

[Tony]

Service members would see their biggest pay raise in 22 years starting in January under budget plans unveiled by a key House committee on Monday.

The move — a 5.2% raise for 2024 — would mean boosts of more than $1,500 for most junior enlisted troops next year and thousands more for higher ranks. Combined with the 2023 pay raise that went into effect five months ago, troops could see a nearly 10% increase in basic pay over a two-year span, and even more financial gains after re-enlistment bonuses and housing stipend increases are factored in.