FY2014 “Use It Or Lose It” Season Opening at the Pentagon

• The US Department of Defense now expects to spend $26B more in procurement and research/development by the end of the current fiscal year (Sept. 30) than outlined in recent budget documents. Up until April their contracting was significantly below last year though things picked up in June. The final 2 months of the fiscal year traditionally see an uptick in federal spending. DoD is now even more likely to spend everything they’ve got in light of Senate appropriators going after unspent funds from prior years.