President Barack Obama is on the final leg of his first European trip as president, traveling to Turkey for a two-day visit. On his first stop in a predominantly Muslim country, Obama sought to rebuild ties with Turkey – a country spanning Asia and Europe which the United States needs to help solve confrontations from Iran to Afghanistan.
In a nod to Turkey’s regional reach, economic power and diplomatic status Obama will spend the day in Ankara speaking to parlaiment and meeting with Turkish leaders before traveling to Istanbul in the evening.
At home, Obama’s Defense Secretary Robert Gates was set to announce his spending proposals at a 1:30 p.m. (1830 GMT) news conference. Gates has been putting the final touches on a fiscal 2010 core defense budget request of $533.7 billion which doesn’t include war funding.
North Korea’s rocket launch over the weekend may be good news for Lockheed Martin Corp, Boeing Co and other big Pentagon contractors that face possible program cuts. In light of Pyongyang’s missile test, the backers of a fledgling U.S. anti-missile shield have been pressing Gates to rethink plans to trim spending on missile defense.