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Tag Archives: discretionary spending

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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GAO: Defense Agencies’ Spending on Contracts Dropped 32% in Fiscal 2015

The Government Accountability Office has analyzed governmentwide contracting data from the Federal Procurement Data System-Next Generation database and found that spending on contracts at defense agencies declined by about 32 percent from $399 billion in fiscal year 2011 to $274 billion in FY 2015. GAO said in a report released Thursday that civilian agencies’ …

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CBO: Annual US Deficit Fell to Lowest Point in 8 Years

The Congressional Budget Office has published an infographic report that indicates the $439 billion U.S. budget shortfall the agency recorded for fiscal 2015 was the government’s smallest deficit since fiscal 2007. CBO said Wednesday federal debt held by the public at the end of FY 2015 was 74 percent of gross domestic product, the highest annual …

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Mackenzie Eaglen: FY 2016 Spending Bill to Take Shape After CR

Mackenzie Eaglen, a defense analyst at the American Enterprise Institute, believes Congress will likely execute a short-term continuing resolution to fund the government through Oct. 1 as lawmakers continue negotiations on the fiscal year 2016 budget. Eaglen wrote in a guest piece published Tuesday on Breaking Defense the spending bill is among other …

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