March madness has a different feel on Capitol Hill – this year it has been about getting to an agreed budget. Principally at issue was whether or not Congress would adhere to sequestration “caps” required by the Budget Control Act of 2011.
FY16 President’s Budget delivered: The President’s base defense budget ignores the $499B sequester cap and requests $535B for the base budget and $51B for OCO. Congress must now determine how it will respond to the request. Hearing season is underway.
Are you aligned to the year’s opportunities? Did your anticipated FY15 funding survive the final Cromnibus maneuvering in December? What budget years fund your programs? Your plan with federal customers is really a multi-year plan.
Update on where we are today with defense bills: NDAA passed the House this week 300-119, authorizing $585B, split as roughly $521B for defense and $64B for Overseas Contingency Ops. The authorization bill is the result of a House/Senate conference and should pass the Senate easily as soon as next week.
This Quick Hit is written while in LA having just attended the Reagan National Defense Forum at the Reagan Library in Simi Valley, CA. In its second iteration the RNDF has become the largest national security conclave of its kind, attracting a stunning cross-section of marquee panelists including sitting and former: Members of Congress; Senators; […]
CI previously reported that control of the Senate will substantially impact what’s possible during the upcoming Lame Duck session of Congress. Election results will not be fully known on election day. Several key races will require run-off and recount actions to determine the winner.
Some observations with just twelve legislative days until the November 4th mid-term elections…
FY15 Mid-Year Update