House Committee to Recommend $41M Increase for OEA
Fiscal year 2012 funding for the Office of Economic Adjustment (OEA) would climb by $41 million to $91.8 million, under the draft defense spending bill the House Appropriations Committee is slated to mark up Tuesday.
The agency was allocated $50.8 million for the current year in the spending compromise Congress reached in April. The committee’s recommendation also represents a $10 million increase over the president’s budget request for FY 2012.
In total, the spending measure would provide $530 billion in non-emergency defense spending, an increase of $17 billion over FY 2011, but a decline of $9 billion from the president’s proposal.