In April and May 2024, Defense Secretary Lloyd Austin and Chairman of the Joint Chiefs of Staff Gen. C.Q. Brown delivered their fiscal year 2025 budget request posture statements to the congressional defense committees. 220777 Not a subscriber?Request 30 days free accessto exclusive, behind-the-scenes reporting o...
NGI and GPI eyed as billpayers in FY-25 budget squeeze, DOD could pick winners earlySherman, JasonInsideDefense.com's SitRep
The Defense Department is considering earlier-than-planned design selections for the Next Generation Interceptor and Glide Phase Interceptor to free up funds needed to finance fiscal year 2025 shortfalls caused by GOP-mandated debt ceiling negotiations that trimmed the Biden administration's FY-25 ...
Explore top-line figures, deficit projections, agency requests, and other key takeaways from Biden’s FY25 budget proposal.
A group of 52 House lawmakers is strongly urging Defense Secretary Lloyd Austin to identify the resources necessary to accelerate PFAS cleanups in the upcoming fiscal year 2025 budget request, noting a “growing backlog of contaminated sites” and saying it “is past time to confront DOD’s clea...
How does the FY25 budget proposal address the federal debt? Through his proposed tax changes, Biden’s administration plans to raise revenue to decrease the annual deficit as a share of GDP steadily over the next decade. In the coming years, the federal debt is projected to rise but then ...
Bertuca, TonyInsideDefense.com's SitRep
The 2023 Fiscal Responsibility Act set FY-24 and FY-25 defense spending levels at $886.3 billion and $895 billion respectively and includes a provision that would slash Pentagon budgets by $36.5 billion in FY-24 and $45.4 billion in FY-25 compared with the June budget deal if Congress is ...
The Defense Department is bracing for potential budget cuts of about $90 billion to fiscal year 2024 and 2025 plans - painful reductions likely to squeeze weapons system modernization accounts - in the event congressional dysfunction extends into January triggering a statutory sequester provision of ...
The Defense Department is bracing for potential budget cuts of about $90 billion to fiscal year 2024 and 2025 plans -- painful reductions likely to squeeze weapons system modernization accounts -- in the event congressional dysfunction extends into January triggering a statutory sequester provision of...