Mar 27, 2013 12:00 UTC
Latest updates[?]: In the anticlimax of the year, President Obama signs the Consolidated and Further Continuing Appropriations Act (HR 933), which finally wraps up US defense funding legislation for fiscal year 2013.
On normal years the US Department of Defense goes through a complicated-enough process to establish and finalize its budget. But whereas FY 2012 offered a welcome return to normalcy after a very long continuing resolution, the budgeting cycle for fiscal year 2013 unfolded in an unproductive, fractious political environment.
As fiscal year 2012 came to a close Congress bought time with a continuing resolution. And as the new civil year started, Congress begrudgingly applied a short-term patch to avoid the fiscal cliff, while the President eventually signed a FY13 authorization bill containing language he had threatened to veto for months. By March 2013 everyone seemed to capitulate to wrap up appropriations for the rest of the year. But FY13 appropriations ended up including sequestration, an outcome that few had predicted since the Budget Control Act was passed in 2011. The FY14 budget cycle then started late, with only dim hope of a more reasonable outcome.
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Jun 12, 2011 18:32 UTC
Leon Panetta told the Senate Armed Services Committee that his main objective as the new Defense Secretary will be to ensure that the United States continues to have the best trained, best equipped and strongest military in the world. Despite the Department of Defense’ efforts to cut $400 billion as part of deficit reduction measures Panetta also stressed to the Committee the United States does not need to choose between strong fiscal discipline and a strong national defense. Instead the challenge lies in designing budgets that eliminate wasteful spending while protecting those core elements deemed vital to national security.
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