Tag Archives: defense spending

The Senate voted 67-28 to pass a two-year budget deal to increase defense spending by approximately $45B, Defense News reported Thursday. The $2.7T deal would raise defense funding from spending levels of $716B to $738B in 2020 to $740B in 2021. It also includes an agreement to exclude “poison pill” riders that limit the administration’s ability to direct funds toward the border wall project. 

A Department of Defense report says the number of weapons and ammunition suppliers has dropped despite DoD’s increased spending on such equipment since 2016, Defense News reported Thursday. “Even in the defense services market, which is traditionally considered to have lower barriers to entry, supplier counts are shrinking,” according to DoD’s Industrial Capabilities report released in May.

Russ Vought, acting director of the White House Office of Management and Budget, said President Trump plans to propose a fiscal 2020 budget to fund defense and national security priorities without raising the spending caps. Vought wrote in a commentary posted Monday for RealClearPolitics that the proposed budget will designate additional defense resources as overseas contingency operations funds, which are not subject to the budget caps.

President Donald Trump has supported plans to request a $750B defense budget from Congress for fiscal year 2020, Reuters reported Monday. A U.S. official told Reuters on Sunday that Defense Secretary James Mattis discussed with the president the potential impact of a flat defense budget on the military.
 

The Professional Services Council has commended the House and Senate Armed Services Committees for finalizing and passing the fiscal 2019 defense spending bill that contains provisions that could have an impact on government contractors.

NATO will move to create two joint force commands after defense ministers from the international alliance’s member states gave their approval, DoD News reported Thursday. The alliance intends to establish a new command in Norfolk, Va., to support maritime security efforts in the Atlantic region and form another command in Ulm, Germany. “These …

The Senate on Wednesday reached a bipartisan agreement that would allocate a defense budget of $700 billion in fiscal year 2018 and $716 billion for FY 2019, Defense News reported Wednesday. The proposed top-lines for the defense budget adhere to the FY 2018 National Defense Authorization Act and the deal …

President Donald Trump will propose $716 billion in Defense Department funds in his fiscal year 2019 budget request, The Washington Post reported Friday. The request is scheduled for release in February and would reflect a more than 7 percent increase in defense spending over the fiscal 2018 budget proposal that has not …

Senate lawmakers on Thursday discussed military spending matters as they work to strike a budget deal for fiscal 2018 before the current continuing resolution expires on Jan. 19, Defense News reported Thursday. Senate Majority Leader Mitch McConnell (R-Kentucky) said Thursday in a floor speech that reductions to discretionary defense spending …

President Donald Trump’s administration and lawmakers are scheduled to return to Washington this week to address a series of issues that Congress kicked into 2018 in order to pass a tax reform measure in 2017, Bloomberg reported Tuesday. Hogan Gidley, a spokesman for the White House, said Mick Mulvaney, director …