Defense Department costs between 2014 and 2021 will increase far beyond the caps set by the Budget Control Act, Congressional Budget Office analysis of the DoD future years defense plan report. The CBO conducted its projection of DoD base budget costs and said it would be about $30 billion higher than the DoD projected in the FYDP.
Sequestration cut an already-declining intelligence community budget by more than $4 billion in fiscal 2013, recently released statistics from the Defense Department and the National Intelligence Director show.
The government shutdown, now in its third week, has had considerable impacts on the world of science, beyond the science activities that federal agencies perform themselves. FierceGovernment spoke with Matt Hourihan of the American Association for the Advancement of Science about the challenges facing scientists and researchers as a result of the shutdown and the overall fiscal climate.
Total known and unclassified federal information technology spending will hover around $70 billion annually through fiscal 2019 when measured in today's dollars, predicts the TechAmerica Foundation in its annual near-term forecast. The real-dollar stagnation in IT spending predicted by the foundation will disrupt agency attempts at IT transformation, said Trey Hodgkins, head of TechAmerica's global public sector government affairs policy team.
"The documents are not structured for this. Systems have not been set up for this," said Ken Bentsen, president of the Securities Industry and Financial Markets Association. "No one's ever thought that you wouldn't pay Treasurys in the same way you would with a corporate debt offering or a municipal debt offering."
Congress left a lot on the table before it went into August recess, with no agreement on a budget framework, an appropriations process in potential disarray and signs of a conflict to come on raising the debt limit.
The Defense Department could limit pay raises and cut troop numbers and weapons programs among other cuts to deal with the possibility of $52 billion in defense spending cuts in fiscal 2014 due to sequestration, Defense Secretary Chuck Hagel said in a July 31 press conference at the Pentagon.
House leaders pulled from the floor Wednesday a $44.1 billion transportation and housing bill based on the Republican budget framework and House Appropriations Committee Chairman Hal Rogers (R-Ky.) said propsects for the bill (H.R. 2610) in its current form are shaky.
The Senate committee voted 21 to 9 on July 18 to approve its mark of the spending bill for the coming fiscal year which would create a NPPD topline of $1.47 billion (not including the Federal Protective Service, which is a fee-reimbursed organization that provides security to federal buildings).
Senate Republicans tried unsuccessfully to throw the Transportation and Housing and Urban Development spending bill back to the Appropriations Committee July 25. Sen. Pat Toomey made a motion to recommit the bill (S.1243), but the motion was tabled after a 56-42 vote.