Budget

Senate Armed Services hears DoD cost-cutting plans

The Defense Department\'s shrinking industrial base is a major roadblock to achieving significant savings over the next three years. In a hearing Tuesday, membe...

Federal News Network Staff

September 28, 2010 5:35 pm

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wfedstaff | June 3, 2015 2:35 pm

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The Defense Department’s shrinking industrial base is a major roadblock to achieving significant savings over the next three years.

In a hearing Tuesday, members of the Senate Armed Services Committee heard DoD’s rationale for plans to save $100 billion over the next three years.

One concern — raised by Sen. John McCain — centered on whether DoD’s desire to increase competition could even happen because of the regular mergers and acquisitions in the vendor community.

Federal News Radio’s Jason Miller provides more on the DoD’s cost-cutting plans discussed Tuesday on Capitol Hill.