Skip to main content

Defense Spending Down So Far In FY13

14 Jan 2013

Defense Spending Down So Far In FY13

Defense outlays were down $9 billion, or 5%, during the first three months of the 2013 fiscal year, compared with the same period a year earlier, the CBO this week in its monthly budget review. MARCH MADNESS From Politico, “the Pentagon will likely submit its budget later than normal this year, its top financial officer said Monday, complaining that in 30 years of working in the defense world, he has never seen a period of worse budget uncertainty than what what’s in store this spring. “It gives whole new meaning to the term ‘March Madness,’ and I can’t wait for it to be over,” Defense Department Comptroller Robert Hale said at the Brookings Institution. The fiscal cliff deal, signed into law last week, averted the Jan. 2 deadline for sequestration, but sets up a new showdown for the beginning of March. Plus, the six-month continuing resolution (CR), which has been funding the government since Oct. 1, expires later in the month.

Related Posts

Washington Report November 10, 2017

A Taxing Day (Expect More Stuffing With This Bird) ... PANIC(!) ... I Havana 'Nnouncement...

Federal Update – December 13th, 2017

Insiders View from from the Capstone Team .... Update on Tax Legislation Crucial details of...

Washington Report June 15, 2018

Kim Jong Won ... Welcome To The 1920's ... The New World Order ... New...

Leave a reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.