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Budget

Budget Deal Could Slow Bomber, Nuclear Submarine Programs

Monday, November 30th, 2015

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Budget Deal Could Slow Bomber, Nuclear Submarine Programs

A Computer Generated Image of a Successor-Class Submarine. Image: UK MoD

Some major modernization programs, including the Long-Range Strike Bomber (LRS-B) and Ohio-class nuclear submarine replacement, will be slowed as the Defense Department absorbs a $15 billion cut after fiscal year 2017, the Pentagon’s chief accountant said Nov. 30.Pentagon bean counters are not thrilled with the budget deal passed at the 11th hour, but recognize that two years of relative financial stability is as good as the Defense Department’s budget outlook is going to get until a new administration arrives in…

Budget

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Congress

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Congress

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

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Congress

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 […]