World leaders consider NATO's future amid concerns over Biden's reelection bid

World leaders are in Washington for a three-day summit celebrating NATO's 75th anniversary, with President Joe Biden set to deliver remarks amidst concerns over his reelection bid and the potential return of former President Donald Trump.NATO's 32 member countries are considering reshaping its alliance strategy, relying less on U.S.-based support to lead on issues like the war in Ukraine.Trump, who's often been a critic of the defense alliance, has previously suggested stepping back from NATO if countries don't pay agreed-to investments in their military.European governments have been in talks to 'Trump-proof' the alliance, with the goal of showing a united front against Russia and other adversaries."We will also make decisions for the future on deterrence and defense, ensuring that we have the forces, the readiness, the capabilities we need to continue to deter any aggressor and also ensure that allies continue to carry their fair share of the burden," NATO Secretary General Jens Stoltenberg said in a meeting on Monday.At the summit this week, the alliance will also consider the traction of Europe's growing far-right movement, which has also been unfriendly to NATO.Recent elections in France and the U.K. may have major implications for the alliance, Ukraine and the world economy. The left-wing party victories will likely mean more Europe-friendly policies, regardless of who wins the U.S. presidential election.