Donald Trump's first budget as US president emphasizes military spending, with a $54 billion increase in defense spending in 2018 that is offset by targeted reductions in nondefense spending. This article presents a summary of the proposed budgets for maritime-related agencies for fiscal year (FY...
Especially when the US government faces chronic, massive budget deficits and a growing debt problem, it is time American leaders established more prudent foreign policy priorities and pruned unwise or unnecessary commitments and objectives. A shrewder security strategy would provide the basis for much ...
U.S. Defense Secretary Lloyd Austin and the Chairman of the Joint Chiefs of Staff General Charles Brown, Jr. [not pictured) testify before a House Appropriations Defense Subcommittee hearing on U.S. President Biden's proposed budget request for the Department of Defe...
Waiting for the administration's top line for defense threatens to push the Armed Services committees' drafting of their annual defense policy bill ever later. "Obviously we're doing our homework now, so we're not waiting on their budget request to begin our work," Thornberry said. In an...
While the U.S. government pretends to make an effort to limit the budget, the military budget is projected to increase in alignment with Biden's budget proposal. In contrast, non-defense discretionary spending is expected to remain "roughly flat" at current year levels in 2024 as per the Fi...
Modest and balanced: the US defense budget buildup during the first Trump administration, 2017鈥0 Travis Sharp
The S&P 500 Aerospace & Defense index was down 0.6%. Shares of government contractors also continued their recent slide on Friday, including Leidos Holdings, which was down 4.4%; Science Applications International, which was down 2.8%; and Booz Allen Hamilton, which fell 3%...
For all his wishful thinking, Biden's ambitious defense plan could hit a major roadblock in the Republican-controlled House of Representatives. But it is highly possible that the rival Democratic and Republican parties can work together to pass the defense budget because it is targeted at China,...
the defense budget will likely remain intact.“The Republicans favor the wars even more that the Democrats,” explained Roberts.In addition, he argued that as long as the world allows and enables the US to sink deeper in debt and utilize the US dollar as the reserve currency, the wars will...