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Posts Tagged ‘deficit reduction’

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

  • January 13, 2014
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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 …

Lawmakers to Take up Short-Term Spending Extension

  • January 12, 2014
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Congress will consider a three-day continuing resolution (CR) early next week to keep the government open after Jan. 15, even while negotiators continue to make steady progress on a 12-bill, $1.012 trillion omnibus to fund the federal government for the remainder of fiscal 2014. “This very short extension is needed to prevent any funding gaps as the agreement moves through the House and Senate next week,” Senate Appropriations Chairwoman Barbara Mikulski (D-Md.) said Friday in a statement …

Appropriators Indicate Need for Stopgap Funding Bill to Buy Extra Days’ Time

  • January 9, 2014
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Congress likely will need to consider a short-term continuing resolution (CR) to keep the government open past Jan. 15 as appropriators believe they will need several extra days to complete a 12-bill, $1.012 trillion omnibus to fund the government through the end of fiscal 2014. Negotiators are expected to reach an agreement on the massive spending bill prior to the Jan. 15 expiration of the current CR, but the House and Senate will need several days to clear the legislation …

North Carolina Needs to Diversify Economies of Defense Communities, Official Says

  • January 8, 2014
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In anticipation of the significant changes coming to military installations in eastern North Carolina, state officials are considering investing in industries that won’t be affected by the defense drawdown. “We are trying to diversify the economy of eastern North Carolina and the whole state. We want to surround our military installations with business that will last as our situation ebbs and flows,” said Sharon Decker, the state’s secretary of commerce …

Army Looking at Options for Speeding Drawdown, Odierno Says

  • January 8, 2014
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After previously accelerating its plan to cut 80,000 soldiers and eliminate brigade combat teams (BCTs) at 10 U.S. posts to meet budget constraints, Army officials now are studying if the service’s forces can be cut further in a short timeframe. “We’re taking out about 20,000 a year. If I go higher than that, it costs me more to take them out, and so we start reducing the savings that we’re gaining from the people,” Army Chief of Staff Gen. Raymond Odierno said during a speech at the National Press Club Tuesday. “So that’s the dilemma that we have …

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 …

White House’s FY’15 Budget Request behind Schedule

  • January 7, 2014
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President Obama likely will not deliver his fiscal 2015 budget request to Congress until late February at the earliest, according to budget experts. The Office of Management and Budget (OMB) will send its “passback guidance” — the White House’s response to an agency’s draft budget — to the Pentagon shortly, reported Defense News. Passbacks, which are followed by one or more rounds of negotiations, usually occur in late November …

Appropriators Complete Work on Defense Bill, but Omnibus Could Slip Past Deadline

  • January 7, 2014
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Congressional appropriators on Tuesday added the defense bill to the list of spending measures for which they have ironed out differences over funding levels and policy as they craft a fiscal 2014 omnibus package, but delays in reaching agreement on the last six bills could force lawmakers to take up a short-term continuing resolution (CR). Barbara Mikulski (D-Md.), chairwoman of the Senate Appropriations Committee, had hoped to finish all 12 parts of the $1.012 trillion omnibus by Wednesday to give each chamber enough time to consider the legislation before the current CR expires Jan. 15 …

Appropriators Scramble to Meet Fast-Approaching Deadline for FY’14 Budget

  • January 6, 2014
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House and Senate appropriators are trying to hash out differences over many of the 12 spending bills intended to be included in a fiscal 2014 omnibus spending package, but discrepancies over policy or funding in eight of the measures could force lawmakers to consider a short-term continuing resolution (CR) to avoid a government shutdown after Jan. 15. Appropriators have agreed on spending amounts and language in four of the bills, including military construction-veterans affairs, Barbara Mikulski (D-Md.), chairwoman of the Senate Appropriations Committee, said Monday. Those four will definitely be included in the $1.012 trillion spending package …

Appropriators near Completion of FY’14 Spending Package

  • January 2, 2014
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Progress on crafting a $1.012 trillion omnibus to fund the federal government for the remainder of fiscal year 2014 is on schedule for lawmakers to take it up by Jan. 15 when the current continuing resolution runs out. Some hurdles — such as funding levels for specific projects and policy riders from earlier versions of individual spending bills — still remain, and it is unclear how soon leaders of the House and Senate appropriations subcommittees will work those out, reported the Hill …

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