Tag Archives: defense spending

Rep. Adam Smith Highlights Need to Improve Defense Spending Management

Rep. Adam Smith

Rep. Adam Smith, D-Wash., chairman of the House Armed Services Committee (HASC), said he wants to find new approaches on how the Department of Defense (DOD) can improve the way it spends its funding. “There are not enough incentives right now in the way we spend money at the Pentagon to save money and get the best value for what you’re doing. We need to change that,” Smith said.

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PSC Report Forecasts Continued Rise in Federal AI, Cybersecurity Spending

Supply Chain Security

A new Professional Services Council (PSC) report projects continued rise in federal investments in cybersecurity and artificial intelligence initiatives, including robotic process automation and machine learning. The council’s report anticipates that spending on cloud platforms will remain flat, while DoD could see a 2 percent increase in its topline budgets. 

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Senate OKs $2.7T Budget Deal With Defense Spending Increase Over Two Years

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. 

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Pentagon Report Uncovers Risks in Defense Industrial Base

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.

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OMB’s Russ Vought: Trump Plans to Designate Additional Defense Spending as OCO in FY 2020 Budget

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.

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