As President Joe Biden and Republicans in Congress negotiate just weeks before the U.S. is set to hit its debt ceiling, Pentagon and Air Force leaders offered stark warnings that America defaulting on its debt would “embolden” China, potentially devastate the Defense Department’s budget, and ...
Congressional leaders say they have made a significant breakthrough toward agreeing to a budget for fiscal year 2022—more than four months after the fiscal year began. But Air Force Association leaders are calling on lawmakers to break what has become a nearly-annual tradition of continuing resolutions ...
The Biden Administration's inflation estimates will be the big story related to the fiscal 2023 defense budget submission, experts said in a streamed Center for Strategic and International Studies “budget preview” Feb. 7. The inflation estimates will either be greeted as realistic—and damning for the ...