President Trump unveiled his newest federal budget by reneging on the deal he just made with Congress last summer. This break nullifies the deal and ensures his spending blueprint is dead on arrival on Capitol Hill.
This might play well with the base, but it could wind up hurting defense. Pentagon leaders repeatedly pointed out this week that because their budget has begun its slow decline, it is more important than ever to receive the funding on time.
Getting spending bills signed into law by October 1 has proven very hard for Congress the past five years in particular. Presidential election years only make it harder. Pres. Trump's gambit seems likely to guarantee the military will not get the on-time funds it needs.
The defense budget already took a hit as part of the two-year deal for all discretionary spending. A falling topline combined with an ambitious agenda to make cuts inside defense to reinvest in the strategy mean belts have tightened at the Pentagon.
Big winners at the standout investments for the Pentagon next year include:
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