The Senate has approved a bipartisan bill that would direct federal agencies to identify potential conflicts of interest between taxpayer-backed projects and other business opportunities of contractors. Sen. Gary Peters, D-Mich., chairman
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The Congressional Budget Office projects $1 trillion in federal budget deficit in 2022 and expects federal debt held by the public to fall to 96 percent of gross domestic product by 2023
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Phillip Swagel, director of the Congressional Budget Office, said CBO projects the federal budget deficit to drop from $2.8 trillion in 2021 to $1 trillion in 2022 as the economy bounces back
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The Congressional Budget Office has launched an improved version of an interactive tool designed to help users analyze the U.S. military’s force structure and its impact on defense spending. budgeting work can
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The Congressional Budget Office (CBO) examined three options for national defense if funding for the Pentagon would be reduced by 14 percent, or approximately $1 trillion, from 2022 through 2031. Under the
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A Congressional Budget Office (CBO) report estimates that the U.S. Navy’s fiscal year 2022 shipbuilding plan to increase its fleet size to between 398 and 512 crewed ships and unmanned vessels would
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President Biden intends to nominate former government officials Ronald Moultrie and Mike McCord to the roles of undersecretary for intelligence and security at the Department of Defense (DOD) and DOD undersecretary (comptroller),
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A new Congressional Budget Office (CBO) report states that the size of the U.S. Navy’s submarine fleet is likely to exceed shipyards’ capacity to maintain the vessels in 25 to 30 years.
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The U.S. Air Force (USAF) will move to decommission 17 of its 62 B-1B Lancer bombers to pave the way for fleet modernization efforts and help maintainers focus more on each of
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A new Congressional Budget Office (CBO) report says countries with large militaries, nonstate groups and other adversaries could use land-attack cruise missiles (LACM) to launch attacks against the U.S. and lowest-cost architectures
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