#Defense

On March 28, President Biden released his budget proposal for the upcoming 2023 fiscal year. Though it has little chance of being enacted in its entirety, the plan will shape the contours of the final spending and revenue policies…

Many politicians, including the president-elect, have focused their efforts to improve federal finances on the elimination of waste, fraud and abuse. While such reforms would be woefully insufficient to address the nation’s broader fiscal challenges, a 2015 report uncovered last…

Defense Secretary Chuck Hagel says the military is “challenging every past assumption, every past formula” in trying to reorganize itself for 21st century challenges in the face of a rapidly tightening budget.Uncertainties about sequestration and the Fiscal 2014 budget in…

* Updated based on the CBO Preliminary Analysis of the President’s Budget released on March 18 As the new chairman of the House Budget Committee, Paul Ryan faces a daunting task in producing a budget resolution that satisfies the policy goals…

Citing the country’s “extreme fiscal duress,” Defense Secretary Robert Gates last week said the administration would cut $78 billion from its five-year defense plan. The Pentagon budget would still continue to grow above inflation for the next three years, however.Gates…