Navy suspending, not eliminating, sealift fund for two years

By Justin Doubleday / April 12, 2016 at 11:37 AM
The Navy is suspending the National Defense Sealift Fund for two years to be more efficient financially and support the Defense Department's pending audit in fiscal year 2017, according to the service. The sealift fund is being collapsed into the Navy's shipbuilding and conversion account as part of the service's FY-17 budget request. Inside the Navy reported in February that zeroing out the fund would effectively eliminate the NDSF. The Navy is now saying, however, that the fund is merely...

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