defense budget

F-35 Fighter Costs Increasing by Billions, Pentagon Report Says 0
- DC360
- April 23, 2019
A Pentagon report that includes the estimated costs of producing Lockheed Martin’s F-35 jet reveals the program is more costly than originally projected, Bloomberg reported Tuesday. The Pentagon’s latest annual cost assessment for major projects now estimates the total price for research and procurement at $22 billion, with upgrades for the jets driving up the
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Defense Spending to Increase for Fifth Consecutive Year 0
- Congress/DoD, DC360
- April 22, 2019
The Pentagon’s budget is expected to grow in 2020 for the fifth consecutive year as lawmakers push for increases despite recent pushback by congressional liberals and deficit hawks, according to a Washington Post report. The White House’s 2020 budget request includes $750 billion for defense, with deep domestic spending cuts to health care and education
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Sen. McConnell Seeking Middle Ground for Upcoming Spending Cap Negotiations 0
- DC360
- April 17, 2019
Senate Majority Leader Mitch McConnell (R-Ky.) is seeking to establish middle ground between the White House and the Democrat-controlled House for a bipartisan deal on fiscal spending limits for next year, The Hill reported Wednesday. Democrats are pressing that any fiscal 2020 budget legislation include nondefense spending set at levels equal to defense spending, while
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Prolonged Budget Stalemate Could Lead to DOD Spending Freeze 0
- DC360
- April 15, 2019
The battle between the administration and House Democrats over fiscal year 2020 and 2021 spending is prompting concern it could eventually lead to a DOD budget freeze, according to a Defense News report. If there is no agreement by Oct.1, it could force a continuing resolution (CR) leaving the Pentagon at 2018 spending, or cause
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Pentagon Spending Flexibility at Stake in Border Wall Fight 0
- DC360
- April 15, 2019
President Trump’s emergency declaration to build a border wall could end an informal agreement between Congress and the Pentagon permitting it to shift billions of dollars within its budget, Roll Call reported last week. House Democrats are expected to try to end DOD’s ability to easily move funds among various Pentagon accounts by reasserting their
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President Trump Dismisses Grand Spending Caps Deal 0
- DC360
- April 14, 2019
President Donald Trump Thursday night dismissed the idea of a bipartisan two-year spending caps deal to avoid billions in mandatory defense and nondefense spending cuts, Politico.com reported. “House Democrats want to negotiate a $2 TRILLION spending increase but can’t even pass their own plan. We can’t afford it anyway, and it’s not happening!” Trump tweeted.
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