Archive: Budget

Report Finds Space Force Could Cost Less than $3 Billion in New Funding

A new independent report released Monday asserts that it will take between $1.5 billion and $2.7 billion over five years to stand up some variation of a separate military branch dedicated to space, assuming the intelligence community is not included. Three potential scenarios for a new space-related military branch are laid out in the report, […]

Despite Proposed Cuts, DoD Protecting Hypersonics, Army Programs, Space and Cyber in FY ’20 Budget

The Defense Department is prioritizing key Army modernization programs, hypersonics development and space and cyber efforts in the next fiscal year budget even as it fleshes out how to meet current and future mission needs while fitting into President Trump’s requested funding cuts, Deputy Defense Secretary Patrick Shanahan said Nov. 15. The Pentagon’s number-two civilian […]

Analysts: Two-Year Spending Deal Likely in New Congress

The next Congress will be split between a Democratic House and a Republican Senate, and analysts expect debates regarding budget spending caps for defense and domestic spending to begin early next year. Roman Schweizer, an analyst with the Cowen Washington Research Group, said in an email that another two-year spending deal is likely to occur […]

Expect More Budget Scrutiny With New HASC Leadership

When Democrats officially take control of the House in January 2019 following the Nov. 6 midterm elections, the House Armed Services Committee is likely to perform more fiscal scrutiny under likely chairman Rep. Adam Smith (D-Wash). However, committee members will still push for their respective priorities, setting up potential battles for key programs. In an […]

Space Force Plan Could Fizzle Under HASC Democratic Leadership

With Democrats in charge of the House of Representatives come January, the path to President Trump’s coveted Space Force just got a little rockier. As Rep. Adam Smith (D-Wash.) is expected to pivot from his position of ranking member for the House Armed Services Committee (HASC) to chairman after the results of the Nov. 6 […]

2018 Election Opens Up HASC, SASC Memberships

The results of the Nov. 6 midterm elections, from the Democratic takeover of the House to the extra GOP pickups in the Senate, will be reflected in the two chambers’ armed services committees. As of Wednesday afternoon, Democrats had taken control of 222 House seats and the Republicans control 196, with 418 out of 435 […]

Defense Contractors Hedging Their Bets in Key SASC Member Races

With the 2018 midterm elections less than a week away, defense contractors are funneling campaign contributions into incumbents sitting on the Senate Armed Services Committee (SASC), while keeping an eye on possible surprise challengers. The armed services committees from both chambers are likely to see significant turnover in the next congress, regardless of the outcome […]

Lawmakers Signalling DoD Should Prepare for Smaller FY ’20 Budget

The president and lawmakers are sending signals to the Defense Department not to expect any major increase in next year’s budget, and that some form of cut could even be in the cards. On Oct. 17, President Trump said he is demanding his cabinet members cut 5 percent from their future federal budget plans, and […]

Congress Mulls Saudi Sanctions, But Low Risk of Imminent Impact to Industry

Lawmakers are newly considering imposing sanctions on Saudi Arabia amid calls for President Trump to investigate the disappearance of a Saudi-born journalist. But any possible impact on U.S. weapons makers doing business with Riyadh is unlikely to be felt in the short term. Jamal Khashoggi, a Saudi dissident and opinion writer for the Washington Post, […]

SASC Member: Congress Must Work With DoD To Save Money in Future Budgets

Congress will work with the Defense Department to find cost savings and prioritize funding for critical equipment needs for future budget cycles, a Senate Armed Services Committee member said Oct. 4. Following the passage of the $716 billion fiscal year FY’19 defense appropriations bill, the bipartisan committee needs to continue “pressing onward and upward” to […]