Tuesday, March 31, 2009

Pentagon Budget: Big Cuts Are Expected

Senator: Expect Painful Cuts In Pentagon Budget -- AP

WASHINGTON (AP) — A Senate defense committee chairman says Pentagon budget will include large, painful cuts. Senate Armed Services Committee Chairman Carl Levin said Tuesday that major program cuts will not be pushed off until the 2011 budget, but will be included when Defense Secretary Robert Gates sends his spending plan to the president later this month.

Levin's comments confirmed what many contractors and military leaders have expected, but he offered no details on which programs may be axed. He said Pentagon officials have indicated they will not be able to submit the much-anticipated spending plan by April 21, as initially hoped.

Read more ....

More News On The Incoming Pentagon Budget

Pentagon’s Gates Might Detail Weapons Cuts Early -- Wall Street Journal
Senator says Defense chief will reveal budget cuts ahead of Obama -- Government Executive
Defense budget plan could be pushed to May -- Federal Times
Deep cuts, cancellation of Future Combat Systems on the table -- Nextgov
Arms Development Costs Soar -- Washington Post
$296 Billion in Overruns in U.S. Weapons Programs -- New York Times
GAO: Weapons cost overruns rising -- UPI
Nearly 7 in 10 major U.S. arms programs over budget -- Reuters
Weapons programs over budget, behind schedule: audit -- AFP

No comments: