House Future News Today : Breaking News, Live Updates & Top Stories | Vimarsana

With the long saga of the fiscal year 2022 budget looking like it will be finalized in March, eyes now turn to the FY23 defense budget and what it might look like. Between Russian aggression, inflation and a Congress that appears supportive of increasing defense spending, it’s unclear how high the Pentagon’s budget will go. But as Mackenzie Eaglen of AEI notes, there are plenty of signs about what shape the budget might take.  While the White House lags on sending its next federal budget to Congress, there is a fair amount policymakers know already about the forthcoming fiscal year 2023 request. Reports suggest the White House’s passback guidance will set the FY23 national defense budget for the Department of Defense somewhere at or above $770 billion. That might sound high, but it fails to account for the military’s lost purchasing power as a result of record breaking inflation this year and likely next, along with nearly a half year under a spending freeze. Thanks to

The white houseDistrict of columbiaUnited statesWhite houseMackenzie eaglenFrank kendallChristine wormuthHeidi shyuDepartment of defenseBureau of labor statistic employment cost indexDefense departmentAir forceUnder secretarySecretary christine wormuthAir force secretary frank kendallHouse future