Budget analysts bearish on defense spending -- 'It's not Christmas in July'

By Tony Bertuca / January 23, 2017 at 5:18 PM
A panel of budget analysts agreed Monday that many factors are conspiring to halt a significant increase in defense spending, chiefly the 2011 Budget Control Act, which requires rare bipartisan action that will continue to prove elusive in the Trump administration. Mackenzie Eaglen, an analyst at the American Enterprise Institute who sat on the panel, said she continued to be bewildered by talk of "euphoria" from defense contractors expecting a major defense spending boost. "It's not Christmas in July," she...

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