CBO: Defense outlays flat to up 50 percent by 2016

Article Abstract:

The nonpartisan Congressional Budget Office (CBO) has outlined that the defense outlays will be little changed to up almost 50 percent by 2016. The CBO report indicates that overall defense outlays will amount to almost $5 trillion over the decade and thus the fiscal pressures on discretionary programs, such as military procurement, might intensify during the period.

Legislative Bodies, Congressional Budget Office, Powers and duties, United States. Congressional Budget Office

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Globalization of defense industry well advanced

Article Abstract:

Congress and Pentagon leaders will decrease the budget for weapons acquisition, leading to purchase of weapons from abroad. But many lawmakers want the US government to use US taxpayers dollars to purchase weapons systems and other items from the US based defense contractors.

Legal issues & crime, Government regulation (cont), Government regulation, Facilities & equipment, Legal/Government Regulation, Laws, regulations and rules, Equipment and supplies, United States. Department of Defense

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