President requests $79.4 billion for FY2014 war costs The budget request for DoD Overseas Contingency Operations (OCO) in FY2014 is $79.4 billion, $9.1 billion less than originally estimated. The amended budget request submitted by the president replaces the $88.5 billion funding placeholder included in the DoD request sent to Congress last month. The OCO request will fund $78.1 billion for DoD costs for [...]
No more FY2013 sequestration cuts for many military construction projects Many military construction projects will be spared from additional sequestration cuts in FY2013, DoD Comptroller Bob Hale told the Senate Appropriations Military Construction/Veterans Affairs subcommittee. Hale said a preliminary assessment of the Office of Management and Budget’s (OMB) review of the final FY2013 Appropriations shows that “many Military Construction accounts will not experience sequestration cuts [...]
President’s executive order sets Open Data Policy Federal Agencies must make government information open and machine readable, according to an executive order issued by the president last week. Promoting openness and interoperability in government “promotes the delivery of efficient and effective services to the public, and contributes to economic growth,” the order stated. Under the new Open Data Policy, agencies will manage [...]
House subcommittee cuts $1.1 billion from FY2014 Military Construction request This week, the House Appropriations Military Construction/VA subcommittee marked up the FY2014 Military Construction and the Veterans Affairs appropriations bills. This action marks the beginning of formal House consideration of FY2014 appropriations. The Military Construction portion of the bill provides $9.9 billion for military construction projects, family housing, Base Realignment and Closure (BRAC), the NATO [...]
CBO projects deficit to decline to $642 billion in FY2013 The baseline federal budget deficit for FY2013 is expected to be $642 billion, according to the Congressional Budget Office (CBO). This latest estimate is $200 billion lower than CBO’s February deficit estimate ($845 billion). The actual budget deficit for FY2012 was $1.1 trillion. If CBO’s projection were achieved, it would be the lowest deficit since [...]