Aerospace Group:

Business/Financial

Defense Spending To Plunge If Either McCain Or Obama Becomes President, Analyst Says

DDN

Monday, May 19th, 2008

SHARE:

Defense spending will plummet if either Sen. John McCain of Arizona, the presumptive Republican presidential nominee, or Sen. Barak Obama of Illinois, who seeks the Democratic presidential nomination, enters the White House. So says Loren B. Thompson, chief operating officer of the Lexington Institute, a think tank focusing on defense and other issues. He doesn't focus on Sen. Hillary Clinton of New York, the other leading Democratic hopeful. While Obama and McCain differ on getting U.S. forces out of Iraq,…

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]

Congress

Path Uncertain For $1.5 Trillion FY ‘27 Defense Topline After Trump Casts Doubt On Second Reconciliation Bill

The path to achieve the White House’s call for a $1.5 trillion defense topline in 2027 appears murkier now after President Donald Trump has cast doubt on the prospects of […]

Congress

Senate Budget Dems Push For Defense Reconciliation Spending Details, Cite ‘Slush Fund’ Concerns

Democrats on the Senate Budget Committee have raised “significant concern” with the Pentagon’s move to classify reconciliation spending plans, urging the department to provide more public details on how the […]