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Pentagon Spending Plan Falls Short

The Pentagon’s five-year strategic plan would cost as much as $300 billion more than the department has budgeted, according to a new analysis by the Center for Strategic and Budgetary Assessments.

In the News

Chinese Jet’s Run-in With P-8 Seen as Pattern

When an armed Chinese fighter jet recently buzzed a U.S. Navy surveillance aircraft over international waters in the South China Sea, it was just the latest in a series of low-level confrontations between the two militaries.

In the News

US Operation Against ISIL Costs Over $500 Million

U.S. military operations in Iraq since mid-June have cost well above $500 million and can currently be paid for out of 2014 budgets without going to Congress for additional funding, the Pentagon said Friday.

In the News

Pentagon’s Relatively Small Iraq Costs May Jump With Escalation

A big escalation in U.S. military activity against Islamic State militants could force the Pentagon to seek more money from Congress as policymakers draft next year's budget, though it should be able to pay for the current pace of operations from existing funds.

In the News

U.S. Airstrikes in Iraq Cost $100 Million to Date

The U.S. airstrikes targeting Islamic extremists in northern Iraq have probably cost about $100 million since they began three weeks ago, according to a defense budget analyst.