The administration has requested $65.8 billion in funding for the Overseas Contingency Operations (OCO) account in 2015, including money for certain items that seem more appropriate for the military’s base budget.The OCO account is exempt from discretionary spending caps while…
As the backlog scandal at Veterans Affairs (VA) health facilities continues to unfold, a plan that Senate Veterans' Affairs Committee Chairman Bernie Sanders’ (I-Vt.) and Sen. John McCain (R-Ariz.) agreed to last week would authorize “emergency” spending for more VA…
The Pentagon is warning that budget caps scheduled to take effect after next year could mean cuts to readiness, modernization and force structure that would increase national security risks.The future spending caps are based on sequestration-level funding. After next year,…
Federal investment totaled $531 billion in 2012, amounting to 15 percent of all federal spending and 3 percent of the gross domestic product, according to a new report by the Congressional Budget Office (CBO).While such spending has kept up with…