Senate bill would rescind $2 billion from DOD investment accounts, mostly from Air Force

By Jason Sherman / August 27, 2018 at 3:02 PM
The Senate is seeking to rescind more than $2 billion previously appropriated to Pentagon investment accounts, with Air Force research and development as well as procurement accounts slated to absorb more than half of the proposed cuts. The Senate, in its mark of the fiscal year 2019 defense spending bill, would take back $1.4 billion from the Air Force's modernization accounts, including $505 million from the research, development, test and evaluation portfolio appropriated in fiscal year 2018. The $675 billion...

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