Comptroller Addresses Cheaper Oil And Unobligated Balances As Potential Sequester Offsets

By Tony Bertuca / February 18, 2015 at 4:43 PM
Pentagon Comptroller Michael McCord addressed two possible areas Wednesday that some analysts think could give the Defense Department some budgetary breathing room in the face of sequestration in fiscal year 2016: The plunging price of oil and DOD's $105 billion in unobligated funds from prior years. McCord, who spoke to reporters at the Pentagon on Wednesday, said DOD was assuming an oil price of $80 per barrel in its FY-16 request, though the price of barrel today is closer to...

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