Search

Army May Lose More Than $7 Billion In Buying Power Due To CR, McCarthy Says

Army May Lose More Than $7 Billion In Buying Power Due To CR, McCarthy Says
Secretary of the Army Ryan McCarthy, left, and Army Chief of Staff Gen. James McConville answer questions during a press conference at the 2019 AUSA Annual Meeting and Exposition at the Washington Convention Center on Oct. 14, 2019. (Photo: Jennifer Milbrett for AUSA

The Army’s top civilian said Monday the service could lose more than $7 billion in buying power under an extended continuing resolution (CR), calling on Congress to pass a budget required to avoid setbacks to the service’s modernization push. Army Secretary Ryan McCarthy told reporters at the Association of the United States Army conference in Washington that top officials remain committed to the service’s six modernization priorities, and underlying 31 programs, while noting that tough choices are ahead to ensure…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Congress Updates

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]


Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]


Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]


CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]