Analysts react to leaked DOD investment numbers ahead of White House rollout

By Tony Bertuca / March 8, 2023 at 10:42 AM
Leaked budget numbers indicate the White House intends to send a fiscal year 2024 request to Congress that would increase the Pentagon's modernization investments by about 4% above what lawmakers enacted for FY-23, but some analysts say that represents flat growth, or even a small cut when adjusted for inflation. On Tuesday evening, Bloomberg News reported that the Biden administration would request $170 billion for the Defense Department’s weapons procurement account -- which is $7.8 billion more than what...

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