A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
Massive federal deficits, exacerbated by the COVID-19 crisis, have raised serious questions about the future of U.S. defense spending. Even before the pandemic hit the U.S., the Pentagon’s $705.4 …
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As expected, U.S. President Donald Trump signed a short-term spending bill on the evening of November 21 to avoid a government shutdown. The continuing resolution (CR) funds the federal government …
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A budget agreement has been reached that will adjust federal spending limits in FY20 and FY21, providing the Department of Defense with budget stability for the next two years. The …
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The Pentagon has laid out a $205.6 billion budget for the Navy in FY20, an increase of around 5.1 percent compared to the FY19 enacted level of $195.6 billion. Mirroring …
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The Pentagon requested $718.3 billion in discretionary funding in FY20, which is 4.9 percent above the FY19 enacted level, or around 2.8 percent real growth after inflation. The White House …
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The Pentagon will reportedly seek a massive increase in its FY20 war coffer in an effort to sidestep federal spending limits, a move that could push war funding to near …
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The Pentagon released a summary of its first artificial intelligence strategy on February 12. “Key tenets of the strategy are accelerating the delivery and adoption of AI; establishing a common …
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The FY20 defense budget request, originally scheduled for release this week, was pushed back because of the temporary government shutdown. Reports now indicate the request has been delayed by more …
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As a result of the U.S. government shutdown, the U.S. defense budget will not be released next week as planned. Despite the fact that the 2019 defense budget was …
Read More The U.S Department of Defense recently completed its first audit, which covered some $2.7 trillion in assets. By law, all government agencies are required to undergo audits, but the DoD …
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