This Is Obama’s $26B ‘Wish List’ for the Pentagon

An E-2D Hawkeye with the Pioneers of Air Test and Evaluation Squadron preparing for takeoff

U.S. Navy photo by Mass Communication Specialist 2nd Class Kenneth Abbate

AA Font size + Print

An E-2D Hawkeye with the Pioneers of Air Test and Evaluation Squadron preparing for takeoff

President Obama wants to create a special $58 billion fund to offset budget cuts. About half of that would go to the Pentagon. By Stephanie Gaskell

In President Barack Obama’s fiscal year 2015 budget there’s an extra $58 billion created by a special fund that would come from a mix of spending and tax reforms. Of that, $26.4 billion would go to the Pentagon to offset cuts to readiness and modernization from sequestration.

Called the “Opportunity, Growth and Security Initiative,” the fund “invests in our economic priorities in a smart way that is fully paid for by making smart spending cuts and closing tax loopholes that right now only benefit the well-off and the well-connected,” Obama said Tuesday at a press conference at an elementary school in Washington, D.C.

At the Pentagon, outgoing comptroller Bob Hale outlined what the money would be spent on in one handy slide: 

Here’s the link to the slide. 

Close [ x ] More from DefenseOne
 
 

Thank you for subscribing to newsletters from DefenseOne.com.
We think these reports might interest you:

  • Federal IT Applications: Assessing Government's Core Drivers

    In order to better understand the current state of external and internal-facing agency workplace applications, Government Business Council (GBC) and Riverbed undertook an in-depth research study of federal employees. Overall, survey findings indicate that federal IT applications still face a gamut of challenges with regard to quality, reliability, and performance management.

    Download
  • PIV- I And Multifactor Authentication: The Best Defense for Federal Government Contractors

    This white paper explores NIST SP 800-171 and why compliance is critical to federal government contractors, especially those that work with the Department of Defense, as well as how leveraging PIV-I credentialing with multifactor authentication can be used as a defense against cyberattacks

    Download
  • GBC Issue Brief: Supply Chain Insecurity

    Federal organizations rely on state-of-the-art IT tools and systems to deliver services efficiently and effectively, and it takes a vast ecosystem of organizations, individuals, information, and resources to successfully deliver these products. This issue brief discusses the current threats to the vulnerable supply chain - and how agencies can prevent these threats to produce a more secure IT supply chain process.

    Download
  • Data-Centric Security vs. Database-Level Security

    Database-level encryption had its origins in the 1990s and early 2000s in response to very basic risks which largely revolved around the theft of servers, backup tapes and other physical-layer assets. As noted in Verizon’s 2014, Data Breach Investigations Report (DBIR)1, threats today are far more advanced and dangerous.

    Download
  • Information Operations: Retaking the High Ground

    Today's threats are fluent in rapidly evolving areas of the Internet, especially social media. Learn how military organizations can secure an advantage in this developing arena.

    Download

When you download a report, your information may be shared with the underwriters of that document.