Both the House and Senate passed measures permanently increasing to $400,000 the maximum life insurance coverage available to service members and veterans. The action replaces the temporary increase passed earlier this year that was set to expire Sept. 30. The new maximum is retroactive to Sept. 1, 2005.
The Air Force is planning to spend $2.19 billion over the next five years to acquire new C-37 jets for transporting military and civilian leaders. That’s on top of another $1.17 billion in projected funding for the VC-25B “Air Force One” replacement.