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Looking Beyond the Fog Bank: Fiscal Challenges Facing Defense

looking-beyond-the-fog-bank.jpg After months of uncertainty, the FY 2013 defense budget appears to be settled.  On March 26, President Obama signed H.R. 933 into law, which replaces the continuing resolution with a regular defense appropriations bill but leaves sequestration in effect.  As attention now turns to the FY 2014 budget and the Administration’s much-delayed budget request, the fundamental issues that led to uncertainty and delays in the FY 2013 budget remain unresolved.  These issues could lead to a similar outcome in FY 2014—more delays, more uncertainty, and ultimately another sequester.

In this backgrounder, Todd Harrison shares his outlook for the FY 2014 defense budget and discusses the long-term structural issues the Pentagon must address.

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