Pentagon funds running dry

Secretary Robert M. Gates is warning the continuing resolution means the Pentagon could run out of money before September 30.

The Defense Budget is about to go down for the first time in a decade. The administration has proposed 2012 spending of $671 billion. That includes $118 billion in war spending. It is nearly $20 billion below actual expenditures in 2010, and it is nearly $40 billion less than what Secretary Robert M. Gates requested for 2012. Meanwhile, for 2011, Gates is warning the continuing resolution means the Pentagon could run out of money before September 30.

This story is part of Federal News Radio’s daily DoD Report. For more defense news, click here.

Copyright © 2024 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area.

    Some final thoughts from one of the leading reformers of Congress

    Read more
    Courtesy of: https://www.mfan.org/

    How children of military service members are at war

    Read more