Page 25 - Mackenzie Eaglen News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Rep. Adam Smith: Putin’s war “fundamentally altered what our national security posture” needs to be.

Given the increased rate of inflation, the situation in Ukraine and the fact Congress has acted decisively to increase defense spending in the last year, it’s no surprise that the DoD budget has increased over the FY22 request of $715 billion.

With the long saga of the fiscal year 2022 budget looking like it will be finalized in March, eyes now turn to the FY23 defense budget and what it might look like. Between Russian aggression, inflation and a Congress that appears supportive of increasing defense spending, it’s unclear how high the Pentagon’s budget will go. But as Mackenzie Eaglen of AEI notes, there are plenty of signs about what shape the budget might take.  While the White House lags on sending its next federal budget to Congress, there is a fair amount policymakers know already about the forthcoming fiscal yea...

The fiscal year is one-third over, and the White House is still waiting for Congress to pass a 2022 budget.

The fiscal year is one-third over, and the White House is still waiting for Congress to pass a 2022 budget.