April 18, 2024

NDAA Deal Reduces Benefits

News on Economy

The pay and benefits cuts were backed by both the DoD and White House in an effort to slow the growth of personnel costs.

Mikulski Optimistic on Avoiding Shutdown

Senator Mikulski believes that Congress can pass a stopgap spending measure by this weekend and avoid an October 1 government shutdown.

DoD Contract Awards Down Again

contracts

Pentagon contracts fell 29 percent in May from a year earlier, the fifth drop in the past six months, driven in part by automatic budget cuts.

Retiree Benefit Cuts Snag Budget Bill in Senate

budget axe

Senate passage of the Defense Bill is predicted this week, but reductions in military retiree benefits and partisanship remain obstacles to passage of budget bill approved by the House last week.