Defense to benefit as Congress outlines budget deal

By Tony Bertuca / October 27, 2015 at 11:12 AM
(Editor's Note: This story has been updated to include new information from defense budget analysts and congressional sources.) Congressional leaders have agreed to a potential bipartisan budget deal that would raise the debt ceiling and lift sequestration spending caps by $80 billion for the next two fiscal years, with the Obama administration poised to receive $33 billion of the $38 billion national defense spending increase it has sought for fiscal year 2016, according to official documents and sources familiar...

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