Pentagon Said to Offer Cuts in the Billions
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The Pentagon plans to retire one of the Navy&#39;s 12 aircraft carriers, buy fewer amphibious landing ships for the Marine Corps and delay the development of a costly Army
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Defense secretary endorses the idea of pausing the drawdown of U.S. forces from Iraq this summer.
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The Pentagon expects to notify Army and Navy commanders this week to begin preparing to lay off civilian employees, a Defense Department official said yesterday.
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President to cut numbers to pre-surge level after Petraeus admits end is not in sight.
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WASHINGTON -- President Bush's proposed war budget includes many high-cost weapons that won't be operational for years, using a funding request aimed at supporting the troops to seek money for some of the Pentagon's favorite projects.
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President Bush sent to Congress a $2.9 trillion budget plan that would dramatically increase military spending -- including an extra $245 billion for the wars in Iraq and Afghanistan -- but squeeze federal health care programs and most domestic agencies to achieve his goal of eliminating the deficit...
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After decades on the sidelines, U.S. defense contractors are eyeing India's growing military budget and aging arsenal as a multibillion-dollar opportunity that could help offset a projected slowdown in Pentagon weapons spending and extend production lines for such items as the F-16 fighter.
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ARLINGTON, Va. US Airways says it plans to cut 45 (m) million dollars a year in pay and benefits in a move the airline hopes will convince its union employees to accept 950 (m) million dollars in annual cost cuts.
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The Army's largest major command is cautioning the Pentagon that its spending cuts could make it unable to comply with some environmental laws, putting the military at risk of having training sites shut down by activists' lawsuits.
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The Bush administration wants to trim the Federal Aviation Administration's budget for buying new air traffic control equipment at a time when more planes are in the air.
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The United States will have to cut its military capabilities in South Korea if Seoul is not willing to bear more of the cost of keeping U.S. troops on the Korean peninsula, a senior Pentagon official said on Monday.
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The stage could be set for budget shifts that will hurt some defense contractors and help others.
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If Democrat John Kerry becomes president he could cut up to a third of the annual &#36;10 billion in spending on missile defenses, but overall defense expenditure would stay high, analysts said this week.
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The Defense Department said Friday  it was proposing to sell Israel advanced missiles and aviation  fuel worth up to $642 million and tank kits to Egypt worth up  to $847 million.
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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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Squeezed by budget constraints, the Navy is proposing significant cuts in its shipbuilding program that could batter the struggling industry.
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Defense Secretary Donald H. Rumsfeld is taking a step back from initial plans to cut the Army to pay for new technology and a new way of war.