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Posts Tagged ‘debt ceiling agreement’

FY’15 Budget Won’t Include Detailed Plan for Addressing Sequestration Long-Term

  • February 27, 2014
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Defense officials have prepared a detailed plan for complying with the sequester caps in fiscal 2016 and beyond, but it will not be part of the department’s FY 2015 budget submission next week. Instead, as Defense Secretary Chuck Hagel said Monday when he unveiled the Pentagon’s latest five-year spending plan, officials will submit a budget that exceeds the 2011 Budget Control Act spending caps by $115 billion through FY 2019. The department’s FY 2015 budget request for $496 billion, though, adheres to the spending cap in last December’s bipartisan budget agreement …

Republican Defense Leaders Reject Talk of Reversing Spending Cuts

  • February 27, 2014
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Pentagon officials’ hopes for securing relief from caps on defense spending in fiscal 2015 and beyond stand no chance of being realized, Sen. James Inhofe (Okla.) and Rep. Buck McKeon (Calif.) told reporters Thursday. In addition to rebuffing prospects for providing relief from sequester cuts scheduled to constrain defense spending through FY 2021, the top defense policy Republicans in Congress rejected the notion that lawmakers would agree to raise sufficient revenue in FY 2015 to pay for a $26 billion investment fund President Obama will propose as part of next year’s budget request …

DOD’s Latest Spending Plan Could Spur Efforts for Further Sequestration Relief

  • February 26, 2014
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Defense hawks’ aversion to the cuts in force structure and military benefits outlined this week by Defense Secretary Chuck Hagel could prompt renewed discussions in Congress to reverse deep spending cuts scheduled to take effect between fiscal 2016 and 2021. “The first thing we’ve got to do is drive a stake in the heart of [Hagel's] ill-conceived and ill-designed proposal, and that means freeing up money” for defense spending, Sen. Lindsey Graham (R-S.C.) said of the five-year spending plan unveiled Monday. “That means we need to get BCA [2011 Budget Control Act] relief or rearrange the pie …

Governors Fight Proposed Cuts to Army National Guard

  • February 25, 2014
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Despite recommending a smaller proportional cut on personnel in the Amy National Guard than on the active Army in its five-year budget, the Obama administration is taking flak from the nation’s governors for targeting soldiers and aircraft in the Guard. There’s “unanimity” against cuts among state executives gathered in Washington, D.C., for the National Governors Association’s winter meeting, Arkansas Gov. Mike Beebe (D) told reporters Monday …

Pentagon Spending Plan Quickly Generates Capitol Hill Opposition

  • February 25, 2014
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Republican lawmakers largely denounced the cuts in force structure and changes in military benefits outlined Monday by Defense Secretary Chuck Hagel, while Democrats mainly questioned some of the proposals in DOD’s five-year spending plan. “We are going to kill it, not let it happen,” vowed Sen. Lindsey Graham (R-S.C.). “I just think it is taking the Army down to a level where you restrain your ability to fight the war that comes your way. The best way to fight a war is deterrence, and I think readiness at the number you are talking about, I just don’t think [the Army] is equipped for the threats you face …

FY ’15 Budget Reveals Scope of Cuts Needed to Address Spending Caps

  • February 25, 2014
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The Army’s active-duty end strength would be reduced to between 440,000 and 450,000 under the five-year budget proposal unveiled Monday by Defense Secretary Chuck Hagel. The long-term budget included with the fiscal 2015 budget request, the department’s first to fully reflect the transition DOD is making after 13 years of war, adheres to the spending caps in place next year but exceeds the Budget Control Act caps for the following four years by $115 billion. As a result, the Army would be forced to draw down to an end strength of 420,000 if sequester cuts are not reversed in FY 2016 …

Wish List Could Encourage Lawmakers to Tinker with DOD’s Budget Request

  • February 20, 2014
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The Defense Department’s intent to attach a $26 billion list of unfunded requirements to its fiscal 2015 budget request could have unintended consequences, as appropriators swap out programs included in the administration’s proposal for favored programs that failed to make the cut. Including a list of second-tier priorities with the budget request also could embolden service chiefs to push Congress to fund programs that were left out of DOD’s baseline spending plan …

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 …

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 …

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