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Debt Ceiling Deal $886 Billion Defense Cap Defines Trade Space; Fate of UPLs Uncertain

Debt Ceiling Deal $886 Billion Defense Cap Defines Trade Space; Fate of UPLs Uncertain
Secretary of the Air Force Frank Kendall speaks during the Ash Carter Exchange on Innovation and National Security on May 9th in Washington, D.C. (U.S. Air Force Photo)

The debt ceiling deal's $886 billion fiscal 2024 defense cap will heighten congressional scrutiny of military service defense budgets this year and will likely mean congressional leaders will have to cut such requests, if those leaders want to fund items on the services' unfunded priority lists (UPLs) or restore prior funding cuts. Having an established defense topline for fiscal 2024 "defines the trade space" within the congressional defense committees, David Berteau, the president of the Professional Services Council (PSC), said…

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Contract Updates

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