Probability Of A Full-Year Continuing Resolution Is Rising, Endangering Pentagon Spending Plans (From Forbes)
Congress begins almost every fiscal year with a Continuing Resolution to extend prior-year funding levels, because it hasn’t completed work on a new annual budget. This year, there’s a danger it never will. Concern is growing on Capitol Hill that partisan wrangling over a border wall and impeachment will distract from completing a budget, and in the end 2019 appropriation levels will continue through fiscal 2020. That would preclude a planned 14% increase in military weapons accounts while undermining training and maintenance. The depressing reality is that even though both parties have agreed on the appropriate level for military spending, they can’t agree on non-defense issues that are holding up passage of the entire budget. I have written a commentary for Forbes here.
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