FY-11 Budget Compromise Rescinds $2 Billion From Major Weapons Programs

By Jason Sherman / April 12, 2011 at 9:54 PM
Lawmakers would rescind $2 billion from Pentagon weapons procurement accounts as part of the fiscal year 2011 budget compromise under consideration by Congress, yanking money appropriated in fiscal years 2009 and 2010 that the Defense Department has not obligated and redirecting it into the FY-11 $513 billion spending package. These budgetary maneuvers are spelled out as “reprogramming guidance” in documents drawn up the House Appropriations Committee and released today by the House Rules Committee. While rescissions are a routine part...

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