Budgets and Funding

Board calls for $125B in DOD spending cuts over five years

The Defense Business Board's plan targets renegotiated contracts, early retirements and IT optimization as sources for the savings.

Air Force to cut 900 civilian jobs, leave 7,000 others unfilled

Facing the pressures of a tightened 2014 budget, the service said it will use early retirement and voluntary separations reduce the workforce.

Budget analyst Fox named deputy defense secretary

Christine Fox moves up to No.2 post at DOD from program evaluation office.

DOD planning for major civilian, procurement cuts in fiscal 2014

The Defense Department is reportedly preparing to lay off more than 6,200 civilians in October.

Defense secretary announces 20 percent cut for Pentagon brass

Cuts could eliminate 3,000 to 5,000 jobs.

DOD sequestration plans sent to White House

The Defense Department was required to submit to the White House by the end of last week plans for how it will deal with the deep automatic spending cuts required under the sequestration that is scheduled to begin March 1.

What's the best solution to the national debt?

The United States must use every tool available to it to address the $16 trillion national debt.

What would defense spending look like with sequestration?

The Congressional Budget Office says that the United States might slip into a recession if Congress fails to modify planned spending cuts and tax increases set to start next year.

Americans want defense cuts, but differ on what to scale back

A vast majority of Americans from both sides of the political aisle think significant reductions in defense spending are in order, according to a data from a new survey released July 16.

Lack of supplier trust drives up DOD costs

In a time when defense officials are hunting everywhere for savings, a new study has found that trust might be the missing element that potentially could save the Defense Department billions of dollars.

BRAC costs continue upward spiral

The Defense Department’s 2005 round of the Base Realignment and Closure Act so far costs 67 percent more than originally planned, with up-front costs ballooning from $21 billion to $35 billion, reports GAO.

Panetta stays on point about evils of sequestration

On June 29, the first anniversary of his tenure as defense secretary, Leon Panetta met with the Pentagon press corps to continue voicing his objections to the concept of sequestration.

OMB to industry execs: Sorry, can't help you with sequestration details

White House officials told a small group of top U.S. defense executives recently they wouldn't be getting any specific details on the federal government's plans for the automatic budget cuts known as sequestration.

Sequestration might result in raft of contractor claims against gov, says Lockheed CEO

The drop-off in funding that would result from a possible sequestration might result in countless "requests for equitable adjustments for claims" resulting from modification to contracts up and down the defense supply chain that would be submitted to the federal government.

What exactly is Congress doing to undo defense sequestration?

Congress is attempting to avert mandatory budget cuts that some fear could seriously hamper the Defense Department's mission. But can members come together before it's too late?

Lawmakers contest Air Force personnel cuts

A number of U.S. lawmakers have gone on record with their opposition to proposed budget cuts by the Air Force.

Global Hawk has staunch defender in Congress

Rep. Jim Moran (D-Va.), a member of the House Appropriations defense subcommittee, says he will recommend continuing funding for the Global Hawk Block 30 unmanned aircraft, which the Air Force plans to put into storage as a key part of a comprehensive budget-cutting effort.