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Posts Tagged ‘automatic spending cuts’

DOD Official Questions Contractors’ Optimistic Sales Forecasts

  • February 10, 2014
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The Pentagon’s acting industrial base chief expressed skepticism last week about the number of defense contractors predicting that the worst impacts from sequestration soon will be over, with the automatic cuts starting to ease in fiscal 2016. “We’re not sure at DoD that we quite see the budget environment quite that way,” Elana Broitman, acting deputy assistant secretary for manufacturing and industrial base policy, said during her remarks at the Cowen Aerospace/Defense & Transportation Conference. “If we don’t do anything that changes sequestration after fiscal year ’15, then we’re stuck with flat, no-inflation budgets which don’t take account of the new initiatives, new requirements, that need to be funded …

Defense Spending to Gain Upper Hand over Deficit Reduction in Long-Term Budget

  • February 10, 2014
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The fiscal 2015 budget request for the Pentagon is expected to adhere to the budget caps revised in last December’s budget agreement, but at the same time the White House is encouraging DOD to include a $26 billion “wish list” of unfunded priorities in the proposal scheduled to be released next month. The department’s FY 2015 base budget will be about $496 billion. However, White House officials were surprised by many of the cuts DOD included in its draft budget proposal, especially the elimination of one of the Navy’s aircraft carriers …

Budget Cuts Require Balancing Act, Hagel Says; Work Nominated for Deputy Slot

  • February 9, 2014
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Short on specifics, Defense Secretary Chuck Hagel emphasized the need to take “a holistic point of view” as Pentagon officials fine-tune the fiscal 2015 budget request. The key is to balance readiness, modernization and capability as planners look for places to trim about $41 million from the FY 2015 spending level the department envisioned one year ago, he told reporters Friday during a Pentagon press briefing. “Now, will there be cuts across the board? Of course there will. You can’t do it any other way. Are there going to be adjustments across the board? Of course …

Exercise Allows Think Tanks to Prepare Alternative Defense Budgets

  • February 5, 2014
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Four Washington think tanks offered their own takes on the Pentagon’s new long-term budget during an event Wednesday hosted by the Center for Strategic and Budgetary Assessments (CSBA). All four groups — CSBA, along with the Center for Strategic and International Studies, the Center for a New American Security (CNAS) and the American Enterprise Institute — were forced to trim personnel and weapons systems under a budget scenario that followed the sequester caps imposed under the 2011 Budget Control Act. All four focused significant cuts in end strength on the Army …

HASC Lawmakers Urge DOD to Retain Carriers

  • January 28, 2014
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A bipartisan group of 11 House Armed Services Committee lawmakers wrote Defense Secretary Chuck Hagel Tuesday urging the Pentagon not to retire any of the Navy’s 11 aircraft carriers as part of its fiscal 2015 budget request. “There is no doubt that there is enduring bipartisan support for a robust Navy supporting a capital fleet of 11 nuclear aircraft carriers,” stated the letter headed up by Seapower Subcommittee Chairman Randy Forbes (R-Va.). Committee Chairman Buck McKeon (R-Calif.) also signed the letter. The letter was written after Defense News reported this week that DOD officials are considering whether to eliminate one carrier and one carrier air wing in the 2015 budget, reported the Hill.

Long-Term DOD Budget Would Ignore Sequester Spending Caps

  • January 26, 2014
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The White House draft of the Pentagon’s fiscal 2015 budget request allows defense spending to exceed the caps included in the 2011 Budget Control Act starting in FY 2016, reports Bloomberg. The topline spending level for the department in FY 2015 — not including war spending, military construction or Energy Department programs — is about $498 billion as called for under last month’s bipartisan budget deal. That deal reversed $9 billion in FY 2015 sequester cuts …

Omnibus Still Leaves Deep Spending Cuts Looming, DOD Official Says

  • January 16, 2014
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The fiscal 2014 omnibus spending bill provides the military a measure of relief from deep sequester cuts but still leaves defense officials “to face some tough decisions about the future of our force,” Pentagon Press Secretary Rear Adm. John Kirby told reporters Thursday. “We are still absorbing nearly $30 billion over the next 10 years that were not accounted for in the presidential budget submission,” Kirby said in reference to the gap between the funding allocated for defense in the omnibus and the administration’s original budget request …

Omnibus Advances to Senate

  • January 15, 2014
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By a 359-67 margin, the House on Wednesday easily approved an omnibus spending measure needed to fund the federal government for the remainder of the fiscal year. The next stop for the $1.1 trillion measure, which includes all 12 of the annual appropriations bills, is the Senate, where it could be considered as soon as Friday. The omnibus is expected to pass that chamber without any difficulty as well …

House Likely to Approve Omnibus Spending Bill

  • January 15, 2014
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The House today most likely will approve the $1.1 trillion omnibus spending bill to fund the government until Oct. 1, despite deep-seated opposition from conservatives. Republican lawmakers say they do not expect a large fight ahead of Wednesday’s vote, since the House already signed off on last month’s budget deal, and the omnibus merely fleshes out the details as to how federal agencies will meet the new fiscal 2014 discretionary spending caps included in the budget agreement …

Omnibus Funding for BRAC Cleanup Matches DOD’s Budget Request

  • January 15, 2014
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Cleanup at previously closed bases would receive $451.4 million under the omnibus spending package unveiled Monday, matching the Pentagon’s fiscal 2014 budget request. Both the House and Senate appropriations committees also recommended $451.4 million for BRAC cleanup in their earlier spending bills. This is the first year the two accounts funding cleanup at BRAC installations have been merged …

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