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Posts Tagged ‘automatic spending cuts’

Prospect for Stopgap Spending Bill Rises despite Progress on Crafting Omnibus

  • January 8, 2014
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Congressional appropriators continued to make progress Wednesday on resolving differences over funding and policy in the 12 bills needed to fund the federal government for the remainder of fiscal 2014. But with the Jan. 15 deadline for both chambers to clear a massive, $1.012 trillion spending package fast approaching, the likelihood is growing stronger that lawmakers will need to take up a short-term continuing resolution …

Budget Deal Will Help Restore Decline in Readiness, Top Officials Say

  • December 22, 2013
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Defense Secretary Chuck Hagel and Army Gen. Martin Dempsey, chairman of the Joint Chiefs of Staff, both applauded on Thursday the bipartisan budget deal for allowing defense spending a reprieve from sequestration’s deepest cuts over the next two years, while warning that difficult budget decisions still remain. “It’s a step in the right direction,” Hagel said during a Pentagon news briefing of the deal which has passed both the House and Senate …

Talks Underway to Strike Compromise on Defense Spending Bill, Durbin Says

  • December 19, 2013
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When it comes to the fiscal 2014 defense spending bill, the assignment for House and Senate appropriators is to find more than $20 billion in savings from the original budget plans advanced in each chamber. “Negotiations are underway. We’ve got to cut $22 billion out of our mark in the Senate,” Richard Durbin (D-Ill.), chair of the Senate Defense Appropriations Subcommittee, told the Hill. “We understand this won’t be easy …

Senate Clears Budget Deal; Appropriators Off to the Races

  • December 18, 2013
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The Senate cleared the two-year bipartisan budget agreement on Wednesday, clearing the way for House and Senate appropriators to craft an omnibus spending package for the last eight-and-a-half months of fiscal 2014. The budget framework passed the Senate by a 64-36 vote and now goes to the desk of President Obama, who applauded the deal after it was passed. The next deadline for appropriators is Jan. 15, the date when the current continuing resolution runs out …

Budget Agreement Headed for Passage in Senate

  • December 17, 2013
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The Senate on Tuesday approved a procedural vote to end debate on the two-year budget agreement, paving the way for the chamber to approve the deal on Wednesday. Twelve Republicans joined all 55 Democrats and independents in supporting the cloture vote, reported the Hill. Final passage requires only a simple majority …

Senate to Take up Budget Agreement, Defense Bill This Week

  • December 16, 2013
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Despite public opposition from Republican lawmakers, the Senate this week is expected to approve key agreements unveiled over the past seven days — a budget agreement setting topline spending for fiscal 2014 and 2015, and a compromise version of this year’s defense authorization bill. The chamber likely would hold a vote to limit debate on the budget deal Tuesday, with final action expected by Wednesday. Many GOP senators oppose the deal for suspending a portion of the spending caps imposed under sequestration, but the overwhelming 332-94 vote last week in the Republican-controlled House to pass the budget framework will make it difficult for Senate Republicans to block the legislation …

Long-Term Need to Trim Force Structure Remains despite Sequester Relief, Air Force Says

  • December 15, 2013
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The bipartisan budget deal reached last week will help the Air Force mitigate urgent readiness problems, but long-term budget constraints still will force officials to reduce the size of the service’s forces, the Air Force’s top two officials said Friday. “Even with this relief, we will need to re-size the Air Force to one that is smaller than it is today in order to protect investments we need for the future, and to shape an Air Force that we can keep ready,” acting Air Force Secretary Eric Fanning told reporters at a Pentagon news briefing …

Hagel Praises Sequester Relief included in Budget Deal

  • December 12, 2013
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Defense Secretary Chuck Hagel on Thursday applauded this week’s budget agreement for restoring much-needed funds to military readiness accounts and supporting planning efforts over the next two years. “While this agreement doesn’t solve every budget problem facing DOD, it will help address our military readiness challenge by restoring funding for training and procurement — especially in fiscal year 2014,” Hagel said …

Budget Deal Imposes Reality on Defense Appropriators

  • December 11, 2013
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Tuesday’s budget deal would greatly benefit defense programs by erasing $20 billion in additional sequester cuts scheduled to go into effect next month, but it also means House and Senate appropriators will need to adhere to the adjusted spending caps for DOD included in the agreement. The fiscal 2014 defense spending bills drafted in the House and Senate, as well as the Pentagon’s budget request, all ignored the likelihood that sequestration would be triggered for a second straight year and called for funding that exceeded the Budget Control Act spending caps by about $50 billion …

For Pentagon, Budget Deal Would Avoid Worsening Automatic Spending Cuts

  • December 11, 2013
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Defense officials would not need to find additional budget savings in fiscal 2014 and 2015 under the budget deal reached Tuesday, but they still would need to contend with sequester cuts in line with those imposed last year. On the one hand, the Defense Department would earn a reprieve from $22 billion in automatic cuts in the current year, erasing a $20 billion increase in the sequester scheduled to hit in January. But officials still would need to identify about $32 billion in savings from its FY 2014 budget request, however, as its $552 billion proposal was $54 billion above the spending cap …

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