By Emelie Rutherford House Financial Services Committee Chairman Barney Frank (D-Mass.) said yesterday he is optimistic a presidential deficit-reduction commission will heed the call of over 50 lawmakers to seek significant weapon-system cuts in the Pentagon budget. Frank spoke to reporters yesterday in advance of the release budget-cutting proposals, due Dec. 1, from President Barack Obama's National Commission on Fiscal Responsibility and Reform. The bipartisan commission is charged in part with making recommendations for balancing the nation's budget, excluding interest…
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House Authorizers Retain Battleship Funding, But Want Nuclear-Power Report
The House Armed Services Committee’s (HASC) Thursday markup of the FY 2027 defense authorization bill rejected an amendment to cut funding for the new Trump-class battleship (BBG(X)), but did agree […]
HASC Rejects $150 Billion Topline Cut, Iran Cost Transparency Proposals At NDAA Markup
The House Armed Services Committee (HASC) on Thursday rejected a Democrat-led proposal to cut the $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA) by $150 billion, as the […]
HASC Wants Pentagon List Of Critical F-35 Technical Data Rights And Estimate Of Cost To Buy Them For Repairs
The House Armed Services Committee (HASC) wants the Pentagon to inform the committee of critical technical data rights for the Lockheed Martin [LMT] F-35 fighter and how much it would […]
NRO Nominee: “We Have To Look Differently At Our Requirements”
The National Reconnaissance Office (NRO) has said that it has launched more than 200 proliferated low Earth orbit satellites in the last two years to supplement the costly high-end systems […]