News
Search News
In the News
Lessons From The Last 10 Years Of Warfare
For the past 10 years, the United States has engaged in constant warfare. Does that mean the next 10 years will be the same, even after U.S. combat troops are out of Iraq and Afghanistan? Put it a different way: We have spent trillions of dollars to create the most professional and powerful military force in the world to fight those wars. It continues to cost hundreds of billions more each year to help sustain this all-volunteer force.
In the News
Pentagon’s Murky Outlook Pressures Defense Stocks
The Pentagon's estimated budget has more than doubled to $676 billion in the past 10 years because of the wars in Iraq and Afghanistan. Defense represents about 18% of total U.S. spending for fiscal 2012.
In the News
Is Military Retirement Still Third-Rail Issue
The government's promise of lifetime health care for the military may no longer be sacred. Lawmakers are signaling a willingness to make military retirees pay more for coverage — but resistance is fierce.
In the News
Leon Panetta Says Military Has “Hollowed Out” After Major Wars
In an interview in the New York Times on Oct. 23, 2011, Defense Secretary Leon Panetta warned against cutting defense spending too severely as the U.S. winds down its involvement in Iraq and reconsiders how to proceed in Afghanistan.
In the News
Report: Pentagon Could Rely on Unmanned Systems Under Tighter Budget
In uncertain times regarding the budget, the Defense Department can change the way it does business and be more efficient or change the business it does and shift strategy, according to a report from the Center for Strategic and Budgetary Assessments.
In the News
White House Endorses 2012 Defense Spending Freeze
As Congress works to pass spending legislation for 2012, the White House has endorsed a Senate plan to freeze the Defense Department's base budget at 2011 levels. The White House's new position shows how much has changed since it first unveiled its budget request for the Pentagon in February. Back then, the White House expected the Pentagon's budget to continue to enjoy real growth.