image description

Posts Tagged ‘debt ceiling agreement’

DOD Official Questions Contractors’ Optimistic Sales Forecasts

  • February 10, 2014
  • comments: 0

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
  • comments: 0

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
  • comments: 1

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 …

Long-Term DOD Budget Would Ignore Sequester Spending Caps

  • January 26, 2014
  • comments: 0

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
  • comments: 0

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
  • comments: 0

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
  • comments: 0

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 …

Congress to Take up Short-Term CR, Omnibus Package this Week

  • January 14, 2014
  • comments: 0

Congressional appropriators on Monday unveiled a $1.012 trillion omnibus measure complete with all 12 spending bills needed to keep the federal government operating until Oct. 1. The House is expected to consider the massive piece of legislation on Wednesday, with the Senate likely taking it up by the weekend. If the omnibus passes the House, the Senate would need to schedule at least two procedural votes and 30 hours of debate, leading to a final vote in the chamber as late as Saturday …

DOD Spending Remains Flat under FY’14 Spending Bill

  • January 14, 2014
  • comments: 0

Topline DOD spending would be $486.9 billion in fiscal 2014 under the $1.012 trillion omnibus spending bill unveiled Monday, providing almost the same amount of funding the department was allocated last year after sequestration. The base budget recommended for the Pentagon in the omnibus, however, is $29 billion below the administration’s FY 2014 request. Still, the department is much better off than if sequestration had been imposed in the absence of the recent budget deal that eliminated $22 billion in automatic defense cuts for FY 2014 …

Milcon Spending to Rise Compared to FY’13 Post-Sequestration Level

  • January 13, 2014
  • comments: 0

Spending for military construction and family housing programs in fiscal 2014 would rise about $1 billion from last year’s available spending level under the massive omnibus spending package unveiled Monday, solely due to the sequester cuts imposed on fiscal 2013 spending. The Defense Department only had an estimated $8.8 billion available for military construction activities in FY 2013 due to sequestration. Compared to the FY 2013 enacted level, however, spending on military construction activities in the current year would drop $817 million to $9.8 billion …

Array ( )