Modernization accounts squeezed in FY-25 proposal, debt-limit deal forces 'difficult choices'

By Jason Sherman / December 5, 2023 at 6:17 PM
SIMI VALLEY, CA -- The Defense Department's fiscal year 2025 budget request will -- at best -- squeeze investment accounts compared to Pentagon plans earlier this year as a result of the June debt-limit deal demanded by House Republicans, forcing what DOD's top weapons buyer calls "difficult choices" about where to trim planned spending. Bill LaPlante, under secretary of defense for acquisition and sustainment, said the Pentagon this summer had to revise FY-25 investment plans after the June enactment of...

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