29 Jun '14, 2pm

'Magic Money': DoD's Overseas Contingency Budget Might Dry Up

WASHINGTON — While the US Defense Department’s Afghanistan war budget is expected to receive little resistance from lawmakers, the Pentagon is under pressure from the White House Office of Management Budget to lower, then eliminate supplemental requests, sources said. The overseas contingency operations (OCO) budget, sent to Capitol Hill last week, requests $58.6 billion in war-related spending in fiscal 2015. That’s about $20 billion less than the Pentagon’s 2014 OCO request. The OCO request comes on top of the Defense Department’s $496 billion 2015 base budget request, submitted in March. Such war budgets have served as a relief valve from the federal spending caps that went into effect in 2013. “Everybody’s now discovered the magic money,” said Gordon Adams, an analyst with the Stimson Center and a professor at American University, who oversaw defense budgeting in the C...

Full article: http://www.defensenews.com/article/20140629/DEFREG02/3062...

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