New Pentagon budget backed by planned increases of more than $1 trillion over the decade

By Jason Sherman / February 12, 2018 at 3:21 PM
The Trump administration is backing the new National Defense Strategy with a 10-year, $7.2 trillion spending forecast -- a boost of more than $1 trillion compared to the most recent Obama plan -- including a near-term drive to propel the Pentagon's annual budget above $700 billion beginning in FY-20, according to the Office of Management and Budget. Though the 10-year forecast is more than $1 trillion above spending levels the Obama administration called for in FY-17, it is lower than...

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