Defense contractors wouldn’t feel the full effect of automatic budget cuts for three or four years as weapons programs are facing only a 3.5 percent reduction next year, according to an independent research group.
Overseeing a series of mandated U.S. budget cuts in the 1980s and 1990s, former White House official Barry Anderson was none too popular with agency officials as he insisted that the reductions be applied uniformly.
The House last week more than tripled funding for an updated version of a Cold War-era tank the U.S. Army says it doesn’t need. If the vote made questionable sense to some watchdogs in an era of tightening military spending, it made a lot of political sense to lawmakers seeking to preserve jobs in their districts.
The Pentagon’s proposed $495.6 billion budget for the coming fiscal year would provide $154 billion for weapons purchases and research, $25 billion less than projected a year ago, according to the Defense Department.