13 May 2011
A bill that would provide $690 billion for the U.S. military complex in fiscal 2012, including operations in Iraq and Afghanistan, has been approved by the U.S. House of Representatives' Armed Services Committee.
The legislation would authorize $553 billion for the Defense Department's base budget, the same amount sought by President Barack Obama in the request he sent to Congress in February.
The bill also includes $119 billion for "overseas contingency operations" such as Iraq and Afghanistan plus $18 billion for the Energy Department's military-related nuclear activities, Chairman Howard McKeon said in a statement on Thursday.
The Senate Armed Services Committee is expected to take up its version of the National Defense Authorization Act next month. The two versions must be passed by the full House and Senate and any differences must be ironed out before being sent to Obama for his signature into law.
Congress provided $668.6 billion for the U.S. military complex in fiscal 2011, which ends on Sept. 30, down from the $709 billion requested by Obama.
The House bill for 2012 added $425 million aimed at continuing the production line for the Army's M1 Abrams tanks, a General Dynamics Corp program, and M2 Bradley fighting vehicles, made by BAE Systems Plc.
The plan currently advocated by the Army would result in the first break in tank production since 1941, lasting one to three years. (Source: Reuters)
Source;
http://bit.ly/iDfN8V
Copyright 2011 Atkins & Assoc. All Rights Reserved.
Posts
No comments:
Post a Comment