The Military Construction and Veterans Affairs and Related Agencies Appropriations Act, 2012 (H.R. 2055), an omnibus spending bill, was approved by the House on December 16, 2011. It awaits a vote by the Senate. Passage of the bill would avert a government shutdown and would fund many federal government entities through September 2012.
The National Defense Authorization Act for fiscal year 2012 (HR 1540), authorizes "appropriations for fiscal year 2012 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for fiscal year 2012, and for other purposes." It received final approval on December 15, 2011.
Lawmakers are considering sharp cuts to defense spending as part of mandated deficit-reduction efforts. This Backgrounder discusses the effects of such major cuts and implications for U.S. military strategy.
Leslie H. Gelb argues that Secretary of State Hillary Clinton's recent remarks to the Economic Club of New York should compel foreign policy experts and political leaders to face the new 21st-century reality: that gross domestic product matters more than military might.
In his testimony before the House Armed Services Committee, Max Boot argues that the impact of budget cuts has the potential to devastate our armed forces and do more damage to their fighting capacity than any other external foe.
As partisan wrangling over the U.S. debt ceiling continues in Washington, fears are mounting that a default could trigger another global economic crisis. This guide offers timely analysis on the global implications of the U.S. debt crisis.
Defense-spending cuts should be a big part of a deficit reduction deal, says CFR's Richard Betts, with the Pentagon pursuing a budget that reflects a reduced threat environment and limits the production of expensive, state-of-the-art equipment.
The defense budget is at an inflection point. For the first time in more than a decade, both the base budget and war budget are declining. This comprehensive analysis provides a detailed overview of the 2012 Defense budget request as well as existing proposals to reduce the Pentagon's budget.
President Obama's decision to make Leon Panetta head of the Pentagon and Gen. David Petraeus head of the CIA shows the growing influence of the intelligence agency and its integration with the military, says CFR's Micah Zenko.
Amy Belasco of the Congressional Research Service explains the estimated allocation for funds authorized by the enactment of the sixth FY2011 Continuing Resolution through March 18, 2011 and breaks down several cost components of the wars in Iraq, Afghanistan, and the War on Terror.
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