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Posts Tagged ‘deficit reduction’

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 …

Ryan, Murray Complete Deal with Partial Reprieve of Sequester Cuts

  • December 10, 2013
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After two months of mostly quiet negotiations, House Budget Chairman Paul Ryan (R-Wis.) and Senate Budget Chairwoman Patty Murray (D-Wash.) announced a deal Tuesday that sets topline discretionary spending for the next two years and averts a total of $63 billion in sequester cuts over that period. In fiscal 2014, $45 billion in sequester cuts would be restored, bringing total discretionary spending to $1.012 trillion. That topline figure represents a $24 billion increase over the FY 2013 spending level of $988 billion …

Negotiators Hope to Announce Budget Deal This Week

  • December 9, 2013
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House Budget Chairman Paul Ryan (R-Wis.) and Senate Budget Chairwoman Patty Murray (D-Wash.) are trying to wrap up talks by Wednesday on a budget agreement that would provide partial relief for scheduled sequester cuts in fiscal 2014 and 2015. That exact amount of sequester relief is not yet final, but sources indicate it could approach $65 billion over the next two years, with the extra funds evenly split between defense and domestic programs …

Defense Hawks Press Their Case with Ryan

  • December 8, 2013
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Republican lawmakers hoping to reverse defense cuts under sequestration appear to support a prospective budget deal being negotiated by House Budget Chairman Paul Ryan (R-Wis.) and Senate Budget Chairwoman Patty Murray (D-Wash). That plan would raise discretionary spending from $967 billion — as mandated for FY 2014 under the Budget Control Act — to $1.001 trillion and turn off much of the increase in sequester cuts the Pentagon’s budget would be forced to accommodate this year …

Ryan, Murray Continue Budget Talks

  • December 5, 2013
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House Budget Chairman Paul Ryan (R-Wis.) and Senate Budget Chairwoman Patty Murray (D-Wash.) plan to continue talks over the weekend in hopes of forging a budget agreement in time for House lawmakers to vote on it next week. The lead negotiators of the House-Senate budget conference would need to reach a compromise by Dec. 10 so that the House could take it up before adjourning for the year on Dec. 13. The two budget chairs are trying to set topline spending levels for fiscal 2014 and 2015 …

Closer Community-Military Ties Can Help Reduce Infrastructure Costs, Forum Concludes

  • December 5, 2013
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With increasing pressure to slash spending, and the prospect of a new base closure round uncertain, the military needs to find new ways to shave its installation expenditures. At the ADC Defense Policy Forum, BRAC/Alternatives to BRAC, held Nov. 12, key thought leaders from DOD, Congress, communities and the private sector proposed a variety of ideas for reducing the department’s excess infrastructure and facility costs, including reinventing the BRAC process, increasing reliance on communities to provide on-base services, redefining the installation of the future and partnering more closely with host communities to support economic development …

More Difficult Decisions Still Remain, Hagel Says

  • December 4, 2013
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Defense officials still face a number of challenging budget decisions on force structure, compensation and acquisition, Defense Secretary Chuck Hagel said Wednesday after unveiling a series of organizational reforms intended to streamline DOD headquarters. “These reductions are only a first step in DOD’s efforts to realign defense spending to meet new fiscal realities and strategic priorities,” Hagel told reporters …

Negotiators Near Compromise over FY’14 Spending

  • December 4, 2013
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The lead negotiators of the House-Senate budget conference are close to an agreement that would raise topline spending for fiscal 2014 and possibly wipe out much of the increase in automatic spending cuts the Pentagon’s budget is scheduled to absorb this year due to sequestration. House Budget Chairman Paul Ryan (R-Wis.) and Senate Budget Chairwoman Patty Murray (D-Wash.) are trying to strike a final deal in time for lawmakers to take it up next week. If they are successful, the House could vote on the plan next Wednesday …

Pentagon Austerity Measures to Eliminate Top Installations Post

  • December 4, 2013
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The deputy undersecretary of defense (DUSD) for installations and environment will be merged with the assistant secretary for operational energy plans and programs, as part of an array of personnel and funding reductions Defense Secretary Chuck Hagel announced Wednesday to streamline the department’s overhead. The decision to eliminate DOD’s top installations post came amid a series of organizational changes to the office of secretary of defense (OSD) unveiled by Hagel at a Pentagon press briefing …

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