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NEWS ABOUT: military budget

Panetta Plans to Shrink Size of Army, Marines

Defense chief outlines cuts for Pentagon

(AP) - 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 »

Costly News: US Military's Equipment Is 'Geriatric'

Average F-15 is 25 years old

(Newser) - Precious few Americans drive cars manufactured in 1964—the same isn't true of the US Air Force. The average age of an Air Force plane ranges from 25 years for an F-15 to 47 years for refueling aircraft, the Wall Street Journal reports in a look at a pricey... More »

Next in Budget Crosshairs: Afghanistan War

'Money is the new 800-lb gorilla,' says one official

(Newser) - With budget battles in Washington growing ever fiercer and the US military poised to spend $113 billion on operations in Afghanistan this year, cost is going to be the largest factor in troop reductions there, reports the Washington Post . Afghanistan's inaccessibility and lack of resources means nearly everything the... More »

No-Fly Zone Price Tag: $1B

How much allies will absorb remains to be seen

(Newser) - Just when it seemed the US couldn't afford to spend another penny on anything come estimates that the price of enforcing a no-fly zone in Libya could hit $1 billion within weeks. Coalition forces spent some $112 million in the first hour of the air assault, based on missile prices... More »

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