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Tag Archives: Budget

Rep. Rob Wittman: Pentagon Should Shift War Funds into Base Budget

Rep. Rob Wittman (R-Va.), chairman of the House Armed Services Readiness subcommittee, has asked the Defense Department to transition its war funding to its baseline budget, Defense News reported Tuesday. Marcus Weisgerber writes that Wittman wants the Pentagon’s $58.6 billion overseas contingency operations budget for fiscal year 2015 to be converted into base …

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CBO: Deficit Could Hit $7T By 2024

The Congressional Budget Office has released its 2014 long-term budget outlook that forecasts federal budget deficits between fiscal years 2015 and 2024 to reach a total of nearly $7.6 trillion. The U.S. could also run into a fiscal crisis if it fails to control a growing federal debt, CBO said …

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