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Budget

A 1,000-Warhead Arsenal Could Slash U.S Deficit by $13 Billion Over Two Decades, CBO Says

Thursday, December 13th, 2018

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A 1,000-Warhead Arsenal Could Slash U.S Deficit by $13 Billion Over Two Decades, CBO Says

USA flag and American dollars. American flag blowing in the wind and 100 dollars banknotes in the background.

The United States could shave about $13 billion off the federal deficit over about 20 years by slashing some 500 warheads from the nation's nuclear arsenal, the nonpartisan federal Congressional Budget Office said Thursday.The suggestion was only one of many money-saving ideas in the biennial Options for Reducing the Deficit report, which this year covers fiscal 2019 through fiscal 2028. The 326-page report casts a wide net, including mandatory spending on social safety nets and both defense- and non-defense discretionary…

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 […]