- February 17, 2014
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Defense Secretary Chuck Hagel is expected to preview the department’s fiscal 2015 budget request on Feb. 24, a week before the White House formally releases its spending proposal for next year, reported Reuters. Spending for defense-related programs in FY 2015 already has been set by last December’s budget deal at $521.3 billion, with DOD spending estimated at about $496 billion. The figure is virtually unchanged from the current year’s base budget. Still, the Pentagon faces many difficult choices as the spending cap is about $40 billion lower than the FY 2015 budget figure the department included in its long-term budget last year.