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NEWS ABOUT: military spending

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Gates' Pentagon Budget Overhaul Hits Heavy Resistance

Congressmen fly to defend pet weapons

(Newser) - Defense Secretary Robert Gates talked tough yesterday in proposing to cut six major weapons systems from the Pentagon budget, and members of Congress wasted no time in talking tough right back, suggesting that the battle to refocus spending could meet major resistance. “This budget represents an opportunity, one of... More »

Obama Must Slash Defense Budget: Study

New equipment likely to take hit as Pentagon seeks to build forces

(Newser) - Between the financial crisis, galloping budget deficits, and shifting military priorities, a Pentagon advisory group is warning that the military's current budget is “not sustainable,” and the new administration will have to choose where to make cuts, the Boston Globe reports. Weapons projects that are already billions over... More »

Analysts: Mac Win Likely to Hit Defense Firms Harder

He's got the clout and the will to slash budgets

(Newser) - The defense industry is generally wary of Democratic wins, but this time around it's a Republican victory that may give military industries—and their investors—a complex, MarketWatch reports. A President Obama would be unlikely to give critics of his foreign policy cred ammunition by slashing defense spending, analysts say,... More »

Air Force Seeks Anti-Terror $16M for 'Comfort Pods'

Congress nixes funds for high-flying accommodations on military planes

(Newser) - Air Force chiefs have sought $16 million in anti-terrorism funds to build luxurious "comfort capsules" to be installed in military aircraft for VIP officer travel, reports the Washington Post. The project's costs have soared as finicky generals demand changes, with modifications in the plush leather seats—including a switch... More »

Military at War With Rising Fuel Costs

Pentagon, with hefty budget worries, trying synthetic, greener options

(Newser) - Fuel costs are hitting the US military harder than most, the Wall Street Journal reports, and it's moving forward with efforts to switch to synthetic, and greener, alternatives. Chugging 340,000 barrels of oil per day, the military is the nation's largest consumer; synthetic fuels and massive solar arrays are... More »

China's Military Boost Angers US

Beijing eyes space, cyberspace and Taiwan

(Newser) - The US and China are clashing over Beijing's increasing defense expenditures, its posture toward Taiwan and its threat to US space hardware, reports the BBC. Beijing officials say they plan to up defense spending by 18% to $59 billion—but a Pentagon report claims the true amount of Chinese military... More »

Giuliani Goes for Broke in Fla.

In run-up to must-win primary, GOP hopeful maxes out time, money

(Newser) - Rudy Giuliani has put every penny toward victory in Florida, hoping to build a dam that rising waters can’t breach. Come Jan. 29, says his campaign chairman, “we'll be the smartest guys in America or the dumbest guys in America.” Giuliani’s been to Florida nearly 30... More »

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