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The White House’s fiscal year 2024 budget request released Thursday calls for $886 billion in defense spending, to include boosting the Pentagon’s topline by 3.2 percent up to $842 billion. The spending plan drew support from leading Democratic lawmake…
The Biden administration is seeking $60.4 billion for the Department of Homeland Security in fiscal year 2024, nearly a percent less than the $61 billion Congress enacted in discretionary spending for FY ’23, and the request includes $535 million for b…
Chancellor, who announces budget on 15 March, considers move to offset rise in corporation taxJeremy Hunt is considering giving UK companies tax relief on capital investment at next week’s budget to offset a sharp rise in corporation tax from April and…
BCC says tackling barriers to work such as soaring childcare cost vital for a strong economy as well as equalityTwo-thirds of women with childcare responsibilities believe they have missed out on career progression as a direct result, business leaders …
Republicans on the Senate Armed Services Committee on Tuesday signaled concern about potential cuts to spending and personnel for Special Operations Forces (SOF) in the upcoming fiscal year 2024 budget request. The lawmakers pressed senior Special Oper…
COLUMBUS, Ohio – The vice-chair of the House Armed Services Committee (HASC) has said he no longer anticipates the “the days of massively increasing defense budgets,” reiterating a focus on continuing to find cost efficiencies at the Pentagon. Rep. Ro…
Thinktank warns austerity drive at next month’s budget will further damage economyRishi Sunak’s government is hiding £28bn of “stealth cuts” to public services over the next five years, according to a report warning that a renewed austerity drive at ne…
Not too late for Jeremy Hunt to ‘end the political obsession of regulation, high taxes and interference with business’ in spring budgetFormer home secretary Priti Patel has called on the chancellor to reverse plans for a rise in corporation tax for big…
The Army is no longer running its “night court” top-down reviews for identifying cuts to legacy and enduring programs, with the service’s secretary adding the process had already identified all the potential areas for savings that could be shifted to f…
A pair of progressive lawmakers on Wednesday reintroduced a bill that aims to cut defense spending by $100 billion and reallocate the savings to other funding priorities. The bill from Reps. Barbara Lee (D-Calif.) and Mark Pocan (D-Wis.) is likely to f…