Inflation's impact on defense budget emerges as bipartisan concern

By Tony Bertuca / April 5, 2022 at 4:30 PM
Chairman of the Joint Chiefs of Staff Gen. Mark Milley told lawmakers today the fiscal year 2023 defense budget assumes an "obviously incorrect" level of inflation, while Pentagon Comptroller Mike McCord pledged to work with congressional defense committees to provide a more accurate picture of the U.S. military's lost buying power in the coming months. The officials, who accompanied Defense Secretary Lloyd Austin in testifying before the House Armed Services Committee today, said the $813 billion FY-23 defense budget, which...

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