Tag: Senate

The finalized bill sets the DoD’s base budget at $527.7 billion which is $1.7 billion more than the president requested, but represents a reduction of $29 billion from current spending levels. However, according to Defense secretary Panetta, Congress was too generous in allocating $74 billion in funding programs the military does not need, does not want, and previously scheduled for termination.

Defense lawmakers in the U.S. House of Representatives are demanding 'rights to Israel's the Iron Dome Technology' before releasing the requested $680 million to follow-on production of the Iron Dome anti-rocket weapon systems for Israel The Washington news blog The Hill reports. "The United States has invested nearly $900 million into Iron Dome work, yet it has no rights to the technology involved."

The House Appropriations Defense Subcommittee (HAC-D) marked up the FY2012 Department of Defense (DoD) Appropriations bill today, providing $530 billion for DoD (excluding Military...