News

Search News
Categories
Filter
Experts
Date Range
In the News

What’s Missing From the Pentagon’s Budget? A Reality Check

Call it the budget of denial. The Obama administration’s $526.6 billion Pentagon budget request for the 2014 fiscal year arrived two months late and $52 billion over the spending caps. The White House insists that its wider plan for taxes and spending, released today, will make further deep cuts at Defense unnecessary. But if President Obama and congressional Republicans fail to cut a deal—odds are they won’t—come October, the Pentagon will be scrambling once again to find many billions more in savings. It’s still trying to find the $41 billion it has to cut this year/.../

In the News

Hagel: Budget Gives Military Flexibility for Korea

Defense Secretary Chuck Hagel released a $526 billion Pentagon budget Wednesday amid a climate of fiscal uncertainty, but he said the United States was prepared to respond if a conflict breaks out on the Korean Peninsula where tensions are running high/.../

In the News

2014 Defense Budget Forecast: More of the Same

As details emerge on the Obama administration’s budget proposal for fiscal year 2014, it is safe to predict that the Defense Department and its contractors will continue to live in crisis mode for the foreseeable future.

In the News

Pay, Benefits, O&M Will Swallow Entire DoD Budget by 2024

A new analysis finds that due to the combined effects of capped topline budgets and internal cost growth inside the Pentagon, within the next 10 years, the vast majority of DoD's budget will be swallowed up by just two budget categories: military personnel and operations and maintenance.

In the News

Pentagon To Seek Less For Missile Defense In 2014 Budget

The Pentagon will request $9.16 billion for missile defense programs for the 2014 fiscal year that begins Oct. 1, about $550 million less than this year's $9.71 billion, according to internal budget figures obtained by Bloomberg News.

In the News

Hagel To Defend 2014 Budget Ignoring Cuts

Defense Secretary Chuck Hagel will go to Congress this week to defend a $526.6 billion defense budget for 2014 that ignores the automatic cuts mandated by law.