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Tag Archives: Budget

CBO Report: Navy Shipbuilding Plan to Cost Roughly $30B Annually for 30 Years

The Congressional Budget Office estimates that the U.S. Navy's 2019 shipbuilding proposal would, on average, cost $28.9B in 2018 dollars per year throughout the plan’s three-decade duration. The Navy’s battle force build-up plan involves the construction of 301 combat and support vessels from fiscal year 2019 to 2048, and would cost $801B in 2018 dollars in total.

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Navy to Assess Force Composition for Possible Restructuring

The U.S. Navy is looking to reevaluate its structure next year for a potential long-term reorganization of budget, National Defense Magazine reported Monday. The service branch's 2019 force structure assessment will focus on the fleet's composition and determine the need in adjustments for each type of ship, said  Vice Adm. William Merz, deputy chief of naval operations for warfare systems.

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Four Senators Approach 13 Agencies to Address Year-End Binge Spending

Four senators have asked the chief financial officers of 13 agencies to address their “use it or lose it” spending at the end of the fiscal year. The U.S. Senate Committee on Homeland Security and Governmental Affairs said Wednesday Sen. Ron Johnson, Claire McCaskill, Rand Paul and Gary Peters expressed concerns that agencies may possibly spend more money at the end of fiscal year 2018 compared to previous years.

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Senate Resumes Debates on FY 2019 Minibus Spending Bill for Defense, Other Agencies

Senators on Monday resumed debates on amendments to a fiscal 2019 minibus spending bill that will appropriate funds for multiple federal agencies including the Defense Department. The chamber approved two amendments to the defense bill, one of which allocates funding for the identification of U.S. servicemen among the remains repatriated from North Korea in July, the Washington Examiner reported.

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Report: Senate Subcommittee Proposes $616M for DoD Microelectonics RDT&E Projects

The Senate Appropriations defense subcommittee has proposed $616 million to help the Defense Department conduct research, development, test and evaluation of microelectronics technology in fiscal year 2019, C4ISRNET reported Thursday. The amount represents a $447 million increase over President Trump’s FY 2019 microelectronic RDT&E spending request. DoD leaders have said the department should …

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