Air Force Would Pull $4 Billion From Investment Accounts To Fill FY-11 Budget Gap

By Titus Ledbetter III, Gabe Starosta / March 14, 2011 at 4:57 PM
The Air Force will be forced to raid its investment accounts for $4 billion this fiscal year to pay off a budget shortfall if Congress continues to fund the Defense Department under a continuing resolution that sets spending at fiscal year 2010 levels, according to a senior service official. Jamie Morin, the Air Force's assistant secretary for financial management and comptroller, said in an interview with Inside the Air Force and Aviation Week this morning that the service...

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