:

Business/Financial

Panetta: I’ll Take Any Sequestration Deal From Congress

Julie Samuel

Friday, September 28th, 2012

SHARE:

Defense Secretary Leon Panetta said yesterday he’d “take whatever the hell deal” lawmakers can come up with to delay or prevent so-called sequestration budget cuts. The $500 billion in decade-long reductions to planned defense spending will start in January if congressional Democrats and Republicans cannot agree on a plan to replace sequestration with other government savings. Many lawmakers and President Barack Obama oppose sequestration, but cannot agree on an alternate plan. Panetta had previously joined Obama in calling for Congress…

Congress

House Republicans’ Blueprint For Reconciliation 3.0 Includes $60 Billion For Defense

House Republicans on Wednesday unveiled a blueprint for a third reconciliation bill that includes $60 billion for defense, a figure slightly below the Trump administration’s request to cover Iran war […]

Congress

Senate Dems Block Consideration Of FY ‘27 NDAA Over Iran War Concerns

Senate Democrats on Tuesday blocked a vote to advance consideration of the chamber’s $1.14 trillion fiscal year 2027 National Defense Authorization (NDAA). The procedural vote was 46-50, failing to reach […]

Congress

Concerns Raised At SASC Hearing On Unobligated Reconciliation Funds And Lack Of Updates On Iran War Cost

Members of the Senate Armed Services Committee (SASC) raised concerns at a hearing on Tuesday about the majority of funds in the $153 billion first reconciliation bill being unobligated thus […]

Unmanned Systems

CBO Says Upfront Costs To Protect Military Installations From Drones Between $1 Million And $74 Million

The initial costs to acquire and deploy counter-small unmanned aircraft system (C-sUAS) defenses at individual Defense Department installations are estimated at between $1.2 million and $73.6 million depending on the […]