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Monday, May 18, 2015

Military spending

$612 billion defense authorization bill passes House

war funding
House lawmakers on Friday approved a $612 billion defense authorization bill for next year despite objections from Democratic leaders and a White House veto threat over plans to skirt spending caps with oversized temporary war funds.
The measure includes an overhaul of the military's retirement system and rejects a host of pay and benefits trims proposed by the Pentagon. It supports, in principle, a 2.3 percent pay raise for troops, but lacks the legislative language to force that paycheck boost, leaving flexibility for President Obama to go with the lower 1.3 percent raise backed by Pentagon leaders.

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