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Pentagon Funding

All articles tagged with #pentagon funding

world3 hours ago•43 min saved

US seeks $200 billion more to fund Iran war as energy markets surge

AP live updates say the Pentagon is requesting $200 billion in additional funds for the Iran war, on top of last year’s spending, as fighting widens with Israel and Hezbollah in Lebanon and Iranian attacks target Gulf energy facilities, triggering a surge in global oil and gas prices; casualties span Lebanon and Iran in the thousands, including U.S. service members, as European, Japanese and Arab leaders urge restraint amid broader energy-market volatility.

via AP News|

#gulf-energy #iran-war #israel-hezbollah

defense-spending-bill2 years ago•3 min saved

"Key Inclusions in the FY24 Defense Spending Bill: Ukraine Aid, Space Force Budget Cut, Troop Bonuses, and More"

The compromise text of the fiscal 2024 defense spending bill, totaling $825 billion, includes funding for eight battle ships, new aircraft, and multiyear procurement for critical munitions. It also provides a small amount of Ukraine military aid, retains $300 million for the Ukraine Security Assistance Initiative, and allocates funds for various defense programs. The bill eliminates some Republican amendments and includes a boost to the Pentagon's Defense Innovation Unit, while cutting funding for the Defense Department civilian workforce.

via Defense News|

#bipartisan-bill #defense-spending #defense-spending-bill

politics2 years ago•5 min saved

Debt Limit Legislation Passes House and Heads to Senate Amidst Grinning and Growling.

A group of Republican defense hawks in the Senate raised objections to the Pentagon funding levels in the bipartisan bill to suspend the federal debt limit and impose spending caps, threatening to delay passage of the plan that must be enacted by Monday to avoid a government default. The bill, negotiated between Speaker Kevin McCarthy and President Biden, would increase Pentagon spending to $388 billion for next year, a 3 percent raise, when many domestic programs were targeted for cuts in the plan. Despite warnings from leaders of both parties that the Senate needed to act swiftly, some lawmakers said a vote could come Thursday evening but officials cautioned approval might not come until Friday at the earliest.

via The New York Times|

#bipartisan-bill #debt-limit #government-default