Defense Financial Highlights

Military Warns Congress Against Punting on Spending

According to an article published on armedservices.house.gov's Defense Drumbeat, by Jeremy Herb, CNN, cuts, cancellations, shut downs, and unpaid bonuses are just some of the consequences the military services warn Congress about. Read the Defense Drumbeat article from, Committee on Armed Services HERE Read the full article by Jeremy Herb, CNN HERE

House Armed Services Committee Hearing: April 3-7

House Armed Services Committee (HASC) Chairman Mac Thornberry (R-TX) released the schedule featuring four events for the week of April 3-7. Click HERE to read the full schedule.  Click HERE to read Rep. Mac Thornberry (R-TX), Chairman of the House Armed Services Committee's opening remarks. Click HERE to watch the video.  Click HERE to read Rep. [...]

By |2019-05-06T16:26:35-04:00April 5th, 2017|Defense Financial Highlights, DoD on the Hill, News|0 Comments

Budget: America First – A Budget Blueprint to Make America Great Again

Estimate #1—FY 2017 Appropriations Request: Department of Defense to rebuild the U.S. Armed Forces and accelerate the campaign to defeat the Islamic State of Iraq and Syria, and Department of Homeland Security for urgent border protection activities.—3/16/17 Source: https://www.whitehouse.gov/omb/budget Reference Material: America First - A Budget Blueprint to Make America Great Again https://www.gpo.gov/fdsys/pkg/BUDGET-2018-BLUEPRINT/pdf/BUDGET-2018-BLUEPRINT.pdf  

HR 1301 Department of Defense Appropriations Act, 2017

STATEMENT OF ADMINISTRATION POLICY H.R. 1301 — Department of Defense Appropriations Act, 2017 (Rep. Frelinghuysen, R-NJ) The Administration supports House passage of H.R. 1301, making appropriations for the Department of Defense for the fiscal year (FY) ending September 30, 2017, and for other purposes. The bill funds critical national security needs. https://www.whitehouse.gov/the-press-office/2017/03/07/hr-1301-department-defense-appropriations-act-2017

From Congressional Budget Office: Options for Reducing the Deficit: 2017 to 2026

CBO periodically issues a volume of options—this year’s (2016) installment presents 115—that would decrease federal spending or increase federal revenues over the next decade. The Congress faces an array of policy choices as it confronts the challenges posed by the amount of federal debt held by the public—which has more than doubled relative to the [...]

By |2019-05-06T16:26:36-04:00February 17th, 2017|Defense Financial Highlights, DoD on the Hill, News|0 Comments

Trends in Spending by the Department of Defense for Operation and Maintenance – January 2017

The Department of Defense’s (DoD’s) budget consists of appropriations for the following purposes: compensating military personnel; developing and purchasing weapons; building bases, facilities, and housing; and supporting day-to-day operations. The largest single appropriation category in DoD’s base budget is the operation and maintenance (O&M) account, which funds day-to-day operations ranging from health care to equipment [...]

The Auditor General of the Army

Mr. Randall L. Exley, retired as the Auditor General of the Army and Ms. Anne L. Richards is welcomed new Auditor General of the Army.  On 31 December 2016, The Auditor General of the Army, Randall L. Exley, retired after 45 1/2 years of Federal service. On 15 December 2016 he was honored with a [...]

By |2019-05-06T16:26:36-04:00February 17th, 2017|Defense Financial Highlights, News|0 Comments

Significant Efforts Still Needed for Remediating Audit Readiness Deficiencies

The Schedules of Budgetary Activity (Budgetary Schedules) for the Army, Navy, and Air Force for fiscal year 2015 reflected current year budget activity as an interim step toward producing an auditable Statement of Budgetary Resources that will reflect multiyear budget activity. All three of the independent public accountants (IPA) contracted to audit these fiscal year [...]

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