CSBA in the News

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/…/

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.

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.

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.

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.

The Defense Department should immediately begin planning for civilian employee layoffs in preparation for a long-term spending squeeze, a defense analyst said Friday.