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Budget

DoD’s $715 Billion FY ‘22 Budget Request Includes Largest Ever R&D Investment, Billions In Legacy System Cuts

By Matthew Beinart

Friday, May 28th, 2021

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DoD’s $715 Billion FY ‘22 Budget Request Includes Largest Ever R&D Investment, Billions In Legacy System Cuts

President Joe Biden talks with Secretary of Defense Lloyd J. Austin III during a visit to the Pentagon, Washington, D.C., Feb. 10, 2021. (DoD photo by Lisa Ferdinando)

The Biden administration’s fiscal year 2022 budget request includes a $112 billion investment in Pentagon research efforts, the department’s largest ever, while calling for nearly $3 billion in cuts to legacy aircraft and ships to fund future weapons system development. The $715 billion budget request, released last Friday, is a 1.6 percent increase over FY ‘21 spending levels and includes $211.7 billion for the Navy, a $4.6 billion increase from this fiscal year, and $212.8 billion for the Air Force,…

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

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Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

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Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]