Pentagon sees big impact if Congress fails to pass FY16 budget

WASHINGTON (Reuters) – The U.S. Defense Department would protect spending on operations and readiness if Congress fails to pass a budget for fiscal 2016, which means the impact would fall heavily on procurement programs, the Pentagon’s chief arms buyer said Tuesday. Defense Undersecretary Frank Kendall said a long-term continuing resolution would maintain spending at last year’s levels, and could cause the department to break multiyear agreements with companies, which would result in expensive penalties. (Reporting by Andrea Shalal; Editing by Chizu Nomiyama)

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article