As President Joe Biden and Republicans in Congress negotiate just weeks before the U.S. is set to hit its debt ceiling, Pentagon and Air Force leaders offered stark warnings that America defaulting on its debt would “embolden” China, potentially devastate the Defense Department’s budget, and ...
President Joe Biden’s administration released its proposed 2024 budget on March 9, including $842 billion for the Department of Defense—and while the Pentagon has yet to offer many specific details on how that money would be spent, the White House said its spending plan “builds ...
Ahead of the release of Pentagon’s 2024 budget release in the coming weeks, Defense Secretary Lloyd Austin touted “major investments” by the DOD across a broad array of portfolios, including the nuclear triad, space, and next-generation fighter aircraft—while promising “once-in-a-generation” expenditures for shipyards and munitions ...
After back-to-back years of significant spending increases for defense, Congressional hawks may face stiffer opposition in the year ahead, with pushback from members of both major political parties.
A new commission aimed at reforming the Defense Department’s budgeting process will include former Pentagon acquisition and sustainment chief Ellen M. Lord as well as several former high-ranking Air Force leaders. The commission will be tasked with looking at ways to shake up the Pentagon’s ...
The Pentagon’s 2022 budget is light on funding for the Arctic, though Defense Department officials want that to change in future funding requests as it develops a new strategy that will take into account the growing importance of the region. Defense Secretary Lloyd J. Austin ...
The Pentagon’s $715 billion budget request aims to increase research and development, with a key focus on what is needed in the Indo-Pacific, and it will chop old aircraft to do it. The Biden administration’s first budget request, released May 28, includes the biggest total ...
The Biden administration's first budget request, to be released May 28, will trade aircraft and other capabilities not relevant in future fights for the “largest ever” request for research and development, with a particular focus on what is needed to compete against China, top Pentagon ...
Rep. Mac Thornberry (R-Texas) hopes a small addition to fiscal 2021 defense legislation will make a big difference in how the Pentagon spends its money. The top Republican on the House Armed Services Committee argues Congress should let the military roll over as much as ...
House appropriators are planning to offer the Pentagon $694.6 billion for operations, personnel, and procurement, plus another $10.5 billion for military construction, in fiscal 2021. The Defense Department funding proposal is $1.3 billion higher than DOD received in fiscal 2020, but nearly $4 billion lower ...
The Defense Department will look at ways to shift funding toward COVID-19 response, though the Pentagon’s head of acquisition said the department’s flexibility is limited without action from Capitol Hill. Some lawmakers have called on the Pentagon to use its budget for coronavirus response, and ...
Lawmakers on Feb. 26 signaled a harsh fight ahead over the Pentagon's plans to retire aging aircraft and shift spending from weapons systems to border wall protection. The Defense Department’s total $705.4 billion fiscal 2021 request looks to retire dozens of USAF aircraft. Defense Secretary ...