Budget Forecast: Cloudy, With Decisions Pending

Posted January 5, 2014 at 11:55am

Defense News reports that “for the first time in nearly three years, the US Defense Department has some near-term budget certainty, but 2014 and beyond is still murky.”

“Thanks to a compromise budget passed by Congress and signed by President Barack Obama in late December, the Pentagon has about $30 billion more spread across 2014 and 2015 than it would have had under sequestration. But those sequestration cuts are set to re-emerge in 2016.”

The piece continues: “The funding situation is just one of dozens of issues to watch in 2014, from battles in Congress to industry mergers to service program purchases — or cancellations.”