Tag: U.S. defense budget

means of giving the Pentagon some degree of autonomy in dealing with mandatory across-the-board spending cuts mandated under sequestration. Additional funding was also authorized for those military accounts that are likely to suffer the most during sequestration, such as operations and maintenance.

The US military spending as a percentage of GDP is expected to decline to an average of 4.0% over the next five years (2012-2016), down from 4.6% during the past five years (2007-2011), due to government efforts reduce its fiscal deficit from the 2010 value

On February 11, Reuters News Service and other media outlets announced some specific details contained in the US Department of Defense’s Fiscal Year 2013...

While the US army and marine Corps will downsize their forces by 100,000 personnel, shifting focus from Europe and the Middle East to Asia-Pacific, the Pentagon plans to nearly 200 fighter jets, 90 transports, and seven missile cruisers, and delay Virginia Class subs and F-35 acquisition. Aircraft Carriers and air wings will remain intact...

The Department of Defense (DOD) budget is facing mounting pressure from both sides of the aisle as lawmakers struggle to rein in trillion-dollar deficits...

Defense Secretary Robert M. Gates today laid out his recommendations for the 2010 budget during a Pentagon press conference. Among the most dramatic cuts...

Does Obama means an end to Defense Sector's prosperity? The election of Democrat Barack Obama as the next American president has left onlookers questioning the...

The Department of Defense (DOD) budget is facing mounting pressure from both sides of the aisle as lawmakers struggle to rein in trillion-dollar deficits...