Pentagon eyes $468.9 bln budget for fiscal 2008
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The White House has approved a fiscal 2008 budget request of $468.9 billion for the Pentagon, $4.7 billion more than expected last year, according to a memorandum obtained by Reuters.
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Defense Secretary Robert Gates asked Congress Wednesday to approve nearly $190 billion for the wars in Iraq and Afghanistan in 2008, increasing initial projections by more than a third
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President Bush was poised Wednesday to sign a &#36;388 billion legislative package that covers the spending of every federal agency but the Pentagon and Department of Homeland Security.
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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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WASHINGTON -- The Bush administration plans to ask for between $80 billion and $100 billion to fund military operations in Iraq and Afghanistan next year, rather than the $70 billion to $75 billion the White House privately told members of Congress before the election, according to Pentagon and White House officials.
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Despite intense partisan divisions over the course of the Iraq war, the House on Tuesday easily approved $70 billion more for military operations there and in Afghanistan. Lawmakers also adopted a record $448 billion budget for the Pentagon.
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The wars in Iraq and Afghanistan will cost at least $190 billion in 2008, the Pentagon said on Wednesday, making it the most expensive year in the wars since they were begun by President George W. Bush.
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The U.S. Senate on Saturday authorized $70 billion for the wars in Iraq and Afghanistan and nearly $463 billion for defense programs in the fiscal year that begins on Sunday.
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Congress sent President Bush a &#36;388 billion legislative package Tuesday that covers the spending of every federal agency but the Pentagon and Department of Homeland Security for the fiscal year that began Oct. 1.
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The Bush administration will ask the Congress next week for $70 billion to fund the wars in Iraq and Afghanistan and related operations for part of the 2009 fiscal year, the Pentagon said on Monday.
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Global military spending is   expected to hit $1.06 trillion this year, topping the record   set during the Cold War era, an international aid agency   reported on Friday.
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Treasury proposes to cut Â£4.5bn from the defence budget over the next three years
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The Pentagon has told the White House and Congress that it plans sharp cuts in the Air Force's program for the F/A-22.
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The State Department finished an intensive review this week on how best to spend &#36;18.4 billion in U.S. aid to Iraq and may shift focus to smaller-scale projects, U.S. officials said on Wednesday.
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The Senate agreed to spend an additional $63 billion for military operations in Iraq and Afghanistan as lawmakers on Thursday passed a massive bill that funds the Pentagon.
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The US is concerned over China&#39;s military build-up, including deployment of long range ballistic nuclear missiles, via a ballooning and non-transparent budget, an annual Pentagon report said Friday.
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The Bush administration will next week ask Congress for $70 billion to fund the wars in Iraq and Afghanistan and other related operations for part of the 2009 fiscal year, the Pentagon said on Monday.