Congress OKs &#36;448B budget for Pentagon
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Congress is poised to provide $70 billion more for military operations in Iraq and Afghanistan as it adopts a record $448 billion budget for the Pentagon.
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The National Space Society today hailed Congress on its foresight to fully fund the NASA budget for FY2005. The budget, which allocates $16.2 billion to the agency, means that NASA will be full speed ahead
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Lockheed Martin Corp. LMT.N and  Northrop Grumman Corp. NOC.N would bear the brunt of proposed  cuts in U.S. weapons purchases totaling $30 billion over the  next six years, according to the summary from a Pentagon budget  document made available to Reuters Monday.
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OVERVIEW: In his 2006 budget request of some &#36;2.5 trillion going to Congress on Monday, President Bush will propose holding down growth in defense spending and cutting dollars for some domestic programs to cope with large deficits.
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When Congress passed the $388 billion spending bill last weekend, it allotted $16.2 billion for NASA, including nearly full funding of projects related to the president&#39;s Vision for Space Exploration.
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The U.S. budget deficit will reach  $368 billion this year before any war costs are added in, the  Congressional Budget Office said on Tuesday, according to a  source familiar with the worse-than-expected numbers.
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The Senate last night approved a $555 billion omnibus spending bill to fund the federal government for the rest of the fiscal year, shortly after bowing to President Bush's demand for $70 billion in unrestricted funds for the wars in Iraq and Afghanistan.
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Congress yesterday approved a $447 billion defense bill with a military pay raise and new money for Iraq and Afghanistan. Underscoring the bill&#39;s
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The House of Representatives on Wednesday approved a $556 billion bill to fund most of the federal government through September 2008, ending a year-long budget fight with President George W. Bush by also including new money for the Iraq war.
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The defense-related work is estimated to be worth $200 billion.
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Secretary of State Condoleezza Rice asked Congress Wednesday to approve the Bush administration's request for &#36;5.8 billion to fight terrorism and the slightly more than &#36;1 billion to help bankroll United Nations' peacekeeping missions around the world.
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The &#36;419 billion defense budget that President Bush submitted to Congress on Monday would buy fewer planes, ships and submarines than the Pentagon previously planned, but it puts extra emphasis on anti-terror commandos and expands the Army and Marine Corps.
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The U.S. Congress on Saturday passed  a $388 billion package financing government programs in this  fiscal year after days of battling over spending cuts and  priorities for programs including foreign aid, energy and a  presidential yacht.
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The Pentagon unveiled a plan on  Tuesday to nearly double to about $500,000 the cash payments  for families of U.S. forces killed in combat, responding to  demands from the U.S. Congress to improve benefits for troops  in Iraq and Afghanistan.
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The Pentagonâs proposed budget of $515.4 billion represents the highest annual military spending, when adjusted for inflation, since World War II.
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Congress yesterday authorized an additional  $70 billion in emergency funds to pay for the wars in Iraq and Afghanistan through early next year, including nearly $24 billion for the Army and Marine Corps to repair and replace worn-out equipment.
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The House of Representatives approved a $556 billion bill on Wednesday to fund most of the federal government through September 2008, ending a year-long budget fight with President George W. Bush by also including new money for the Iraq war.