Pentagon Budget Will Exceed Sequestration Cuts

Posted November 19, 2014 at 4:56am

“The Pentagon expects to submit a five-year budget that will violate mandatory spending caps for the second consecutive year, according to the Defense Department’s comptroller,” Bloomberg reports.  

“The fiscal 2016-2020 budget probably will “once again say ‘here’s what we think we need’ and not submit a budget that is directed at the caps” imposed under the spending cuts known as sequestration, Comptroller Mike McCord said in an interview.”  

“Though the Defense Department hasn’t received final budget guidance from the White House’s Office of Management and Budget, ;I would be really surprised if we changed our position at this point and say, ‘Yes, we’ll submit a sequester-level budget and just call it a day,’ McCord said in the Nov. 12 interview.”