The House Armed Services Committee is forming a special bipartisan panel to address the ongoing challenge of financial management in the Defense Department, announced Rep. Buck McKeon (R-Calif.), committee chairman, and Rep. Adam Smith (D-Wash.), ranking member, Tuesday. Leading this effort will be Rep. Mike Conaway (R-Tex.) and Rep. Rob Andrews (D-N.J.). “In these difficult fiscal times, making every penny in the defense budget count must be a top national security priority,” said Conaway. Andrews added, “Improving accountability and reducing waste within the DOD will save taxpayers money and it is essential to reducing our deficit.” Among the topics that the panel will explore will be the Pentagon’s ability “to identify efficiencies and waste utilizing financial management systems,” according to the McKeon-Smith release.
Air Force Munitions Gets Big Boost from Reconciliation
June 28, 2025
Thanks to reconciliation, the fiscal 2026 Air Force budget would get a surge of munitions procurement, but it's not yet clear if the production increase will be sustained. The Air Force revealed the secret AIM-260 air-to-air missile's funding for the first time.