Daily News

Budget plan shows Trump aims to push modernization spending above $200 billion in FY-18

May 19, 2017 |
Jason Sherman
The Trump administration will propose increasing the Pentagon's investment spending to more than $200 billion in fiscal year 2018 – lifting budgets for new weapon systems to levels not seen since FY-12, according to a leaked spreadsheet of the FY-18 spending proposal. If enacted, the plan would provide the U.S. military's modernization accounts a $10 billion increase above amounts approved in FY-17. On May 18, Third Way -- a Washington, DC-based think tank -- published online a spreadsheet that it...

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