Aerospace Group:

Budget

Senate Leaders Reach Two-Year Deal To End Budget Stalemate

By Marc Selinger

Wednesday, February 7th, 2018

SHARE:

Senate Leaders Reach Two-Year Deal To End Budget Stalemate

USA flag and American dollars. American flag blowing in the wind and 100 dollars banknotes in the background.

Senate leaders announced Feb. 7 that they have reached a bipartisan agreement to lift congressionally mandated spending caps in fiscal years 2018 and 2019 and end a months-long budget impasse.The deal, outlined on the Senate floor by Senate Majority Leader Mitch McConnell (R-Ky.) and Senate Minority Leader Chuck Schumer (D-N.Y.), would prevent the return of across-the-board budget cuts required by the Budget Control Act of 2011. If approved by the full House and Senate later this week, it also would…

Army

Army Secretary Says “We Need To Over-Invest in FLRAA To Get It Online As Quickly As Possible”

Rep. Ken Calvert (R-Calif.), chairman of the House Appropriations Committee’s defense panel (HAC-D), said on Thursday that the Army’s budget plan beginning in fiscal 2027 has more than $2 billion […]

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

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 […]