defense spending

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Pence Tells NATO Allies to Pay More for Defense

He says Russia will be 'held accountable' for Ukraine actions

(Newser) - Mike Pence promised NATO allies Saturday that they had the "unwavering" support of the US, while also making it clear that the administration considers most of them to be freeloaders. The vice president, speaking to European leaders at the Munich Security Conference, said European countries are failing to "... More »

Trump's Latest Tweet Target: F-35 Fighter Jet

Shares for Lockheed Martin, suppliers dip after Trump criticizes costs

(Newser) - Last week, Donald Trump criticized "out of control" costs for Boeing's 747 Air Force One jets. On Monday, the president-elect took a new swing at the Pentagon, this time coming down on the cost of the country's fighter jet program, the Wall Street Journal reports. "The... More »

We're Spending $9M a Day to Fight ISIS

Pentagon releases first detailed breakdown of costs

(Newser) - The US has spent more than $2.7 billion on the war against ISIS militants in Iraq and Syria since bombings began last August, and the average daily cost is now more than $9 million, the Pentagon said yesterday. Releasing a detailed breakdown of the costs for the first time,... More »

How McCain Could Change US Defense

With GOP taking control of Senate, he'll likely chair Armed Services Committee

(Newser) - With Senate leadership changing , John McCain appears poised to be the new head of the Armed Services Committee—and that could have big implications for US defense, Reuters reports. McCain has a history of criticizing what he sees as excessive spending on some weapons programs; as chair of the committee,... More »

Pentagon's Plan: Cut Army to Pre-WWII Level

Hagel budget moves military off 'war footing'

(Newser) - The US Army may soon shrink to a level not seen since before it geared up to fight Nazi Germany and Imperial Japan simultaneously. In a spending proposal to be unveiled today, Defense Secretary Chuck Hagel outlines plans to cut the Army to around 450,000 soldiers, its lowest level... More »

GOP Looks Ready to Sabotage Itself Again

'Wall Street Journal' editors say budget standoff could negate ObamaCare gains

(Newser) - The conservative editorial page of the Wall Street Journal sounds pretty hopeful that the troubles of ObamaCare will translate into solid GOP gains in next year's midterms. But the editors also see signs that Republicans are going to once again blow it with a "stupid, futile budget standoff.... More »

5 Cuts Pentagon Should Make Now

Start with the F-35 mistake: Paul Barrett

(Newser) - To hear the Pentagon tell it, the looming sequester cuts will hurt military readiness and put the nation at genuine risk. "Flapdoodle," writes Paul Barrett at Businessweek . "The military is manufacturing a crisis to protect its wasteful, bloated, poorly designed budget." He suggests five cuts the... More »

The Nitty-Gritty of Tax Deal

For many households, tax bill going up $1.6K

(Newser) - We narrowly avoided plunging over the fiscal cliff, but don't pop any champagne bottles yet. Though analysts generally agree that what we got is better than no deal, the plan we got is full of holes. Here's a rundown of what the deal does and does not do:... More »

Megadeal's Collapse Shakes Up Arms Industry

Failure of BAE-EADS merger makes more big deals unlikely

(Newser) - A deal to create a European defense and aerospace giant to rival Boeing and Lockheed Martin has collapsed and more weapons megadeals now look unlikely, Reuters finds. The proposed $45 billion merger between Britain's BAE Systems and Airbus maker EADS fell through after political leaders in Britain, France, and... More »

Don't Fear the Looming Pentagon Cuts

...because it's the domestic cuts that will really hit home

(Newser) - Much ink has been given to the Pentagon cuts set to hit on Jan. 2, thanks to the failure of last year's deficit supercommittee. But with less than five months til D-Day, the AP takes the opportunity to dish out a cheery recommendation: Don't fear those $55 billion... More »

Senate Panel OKs Cash for Unwanted Drones, Ships

$604B budget rejects Pentagon cost-cutting plans

(Newser) - With major Pentagon budget cuts looming, the Senate Appropriations Committee has decided to hand the military piles of money for stuff it says it doesn't want. A $604.5 billion defense budget approved by the powerful committee yesterday includes funding for drones, warships, and cargo planes that the Pentagon... More »

Democrats: We're Not Budging on Defense Cuts

Obama takes hard stance on defense cuts, taxes for wealthy

(Newser) - Democrats are digging in on two controversial points that could reverberate across the economy: The $550 billion in defense cuts kicking in next year and the expiration of the Bush tax cuts for families earning more than $250,000 per year. President Obama, Harry Reid, Nancy Pelosi, and other top... More »

GOP Rolls Out Budget With Huge Tax Cuts

There would be just two brackets, with the top at 25%

(Newser) - House Republicans rolled out a new Paul Ryan-penned budget proposal today that calls for a drastic tax-code overhaul, major changes to Medicare and Medicaid, and deep cuts in domestic spending, all while softening a set of automatic defense spending cuts set to hit in January. The budget would scrap our... More »

China Military Spending to Surge 11.2% in 2012

China now world's No. 2 military, but insists spending only moderate

(Newser) - China will up its defense spending by 11.2% in 2012 to $106.4 billion, citing its unhappiness with the US military presence in the Asia-Pacific region, reports the AP . China has made double-digit increases to its military spending in all but two of the years since the early 1990s,... More »

Panetta Plans to Shrink Size of Army, Marines

Defense chief outlines cuts for Pentagon

(Newser) - The Pentagon outlined a plan today for slowing the growth of military spending, including cutting the size of the Army and Marine Corps, retiring older planes, and trimming war costs. It drew quick criticism from Republicans, signaling the difficulty of scaling back defense budgets in an election year. The changes... More »

We Can Overhaul Our Military-Industrial Complex

Smaller budgets can lead to leaner procurement process: Arthur Herman

(Newser) - Arthur Herman hopes the move toward smaller defense budgets will end at long last the Pentagon's bloated, wasteful, and outdated method of buying weapons and equipment. The system dates back to the days of "vacuum tubes and hi-fi sets" and it's precisely why an F-18 costs $90... More »

Obama Unveils 'Leaner,' 'Agile' Military

He wants to shift focus from ground troops to 'irregular warfare'

(Newser) - President Obama officially unveiled his plan for a slimmed-down military with a speech at the Pentagon today, promising that budget cuts and a reduction in conventional ground forces wouldn't harm the nation's security. "Our military will be leaner, but the world must know—the United States is... More »

Obama Cutting Thousands of Ground Troops

Military no longer expected to be able to fight two wars at once

(Newser) - The US military is going to end up with a lot fewer boots on the ground as a results of cuts included in the debt ceiling deal. As part of the Obama administration's military overhaul , to be unveiled today, air and sea forces will be boosted, but Army and... More »

Pentagon Readies Blueprint of Slim New Self

And with it, the Obama administration's defense priorities

(Newser) - The White House is poised to unveil its proposal to slim down the military to bring it in line with cuts agreed to in the recent debt ceiling deal, and in so doing give America a sense of Leon Panetta’s vision for the military’s future, the New York ... More »

Should We Cut 'Useless' Defense Spending?

Paul Krugman and Robert Samuelson both say no, but for different reasons

(Newser) - With the deficit super committee’s deadline looming , debate is raging over whether to cut defense spending. Robert Samuelson calls that urge "dangerous," writing in the Washington Post that military spending is actually down as a percentage of our budget. In recent decades "spending on social programs... More »

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