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The National Defense Authorization Act is an annual bill proposed in the United States Congress that redefines the United States military budget for the following fiscal year. [2] [3] Each chamber of Congress introduced a version of the NDAA: H.R. 2670 in the House and S. 2226 in the Senate.
As of 11 March 2024 the US Department of Defense fiscal year 2025 (FY2025) budget request was $849.8 billion. [a] On 20 December 2024 the House approved a Continuing Resolution to fund DoD and DoE operations at the FY2024 levels until 14 March 2025, at which time the Appropriations process for the NDAA is to be revisited by the 119th Congress. [4]
The United States federal budget for fiscal year 2024 ran from October 1, 2023, to September 30, 2024. From October 1, 2023, to March 23, 2024, the federal government operated under continuing resolutions (CR) that extended 2023 budget spending levels as legislators were debating the specific provisions of the 2024 budget.
For the first seven months of fiscal year 2024, which began last October, net interest payments totaled $514 billion, outpacing defense by $20 billion. Budget analysts think that trend will ...
The Air Force described its mission in the FY2024 budget request: The Survivable Airborne Operations Center (SAOC) will replace the aging E-4B fleet which faces capability gaps, diminishing manufacturing sources, increased maintenance costs, and parts obsolescence as it approaches the end of its serviceable life.
The 26th Secretary of the US Air Force listed CCAs among his top seven priorities for the fiscal year (FY) 2024 budget request to its Chief of staff: [9] Collaborative combat aircraft are entering the FY2024 presidential budget request; [62] Collaborative Combat Aircraft (CCA) projects are estimated to be $500 million for perhaps "100 roles" in ...
The fiscal 2023 budget requests an all-time high spending provision of $130.1 billion for research and development. Defense stocks like LMT, BA, NOC, GD & HII should benefit U.S. FY23 DoD Budget ...
By 2019, the 27th secretary of defense had begun a line-by-line review of the defense budget; in 2020 the secretary identified items amounting to $5.7 billion, out of a $106 billion subtotal (the so-called "fourth estate" agencies such as missile defense, and defense intelligence, amounting to 16% of the defense budget), [35] [36] He will re ...