10 Apr '13, 4pm

DoD 2014 Request is $52B Over Spending Caps via @defense_news

WASHINGTON — The U.S. Defense Department unveiled a $527 billion budget request for fiscal 2014 Wednesday, a spending plan $52 billion above federal spending caps. The spending plan proposes increases in both research-and-development (R&D) funding and procurement spending compared to 2013 sequestered levels, although the R&D figure is less than the agency requested in 2013. Pentagon officials say the fiscal 2014 proposal deepens its commitment to the overarching military strategy unveiled in January 2012. One of the main tenets of that strategy is an increased focus on the Asia-Pacific region. Whether that strategy remains intact is yet to be seen as the Pentagon has already been hit with a $41 billion cut in fiscal 2013, the result of the first year of 10 years of sequestration. The immediate budget reductions have prompted the curtailment of military training and civilia...

Full article: http://www.defensenews.com/article/20130410/DEFREG02/3041...

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WASHINGTON — The U.S. Defense Department unveiled a $527 billion budget request for fiscal 2014 Wednesday, a spending plan...

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