In the News
DOD Budget: Will Congress Cut in 2024—or Hold Steady?
Washington,
January 12, 2023
After back-to-back years of significant spending increases for defense, Congressional hawks may face stiffer opposition in the year ahead, with pushback from members of both major political parties. Opposition to defense spending increases from one wing of the Republican Party emerged during the protracted process to elect Rep. Kevin McCarthy (R-Calif.) as Speaker of the House. To secure the speakership, McCarthy reportedly struck an agreement with about 20 conservative lawmakers that included a commitment to cap discretionary federal spending in the fiscal 2024 budget at 2022 levels. If McCarthy keeps that commitment, defense spending would have to be cut from $858 billion in 2023 to $782.5 billion, the 2022 level. That’s a cut of more than $75 billion. Rep. Don Bacon (R-Neb.), a retired Air Force brigadier general now on the House Armed Services Committee, doubts that will happen. In an interview with Air & Space Forces Magazine, Bacon said most Republicans won’t support such a cut. Read the full story here. |