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Reporter with defense news. What does the Defense Authorization bill and what is in the version, the 2018 version approved by the House Armed Services committee . The House Armed Services passed it, the national Defense Authorization act for 2018 earlier or late last month, and what it is, is the bill the annual defense policy bill. It gets reconciled with the senate version. In this case they authorized about 696 billion in defense budgeting and related policy provisions for the pentagon. So thats 696 billion figure though, it exceeds the cap set in the budget control act. How will congress reconcile that . Well, thats a huge question. The budget cap for defense in this case is a number, it is 549 billion. So what it would take to ease the ....
Reporter with defense news. What does the Defense Authorization bill and what is in the version, the 2018 version approved by the House Armed Services committee . The House Armed Services passed it, the national Defense Authorization act for 2018 earlier or late last month, and what it is, is the bill the annual defense policy bill. It gets reconciled with the senate version. In this case they authorized about 696 billion in defense budgeting and related policy provisions for the pentagon. So thats 696 billion figure though, it exceeds the cap set in the budget control act. How will congress reconcile that . Well, thats a huge question. The budget cap for defense in this case is a number, it is 549 billion. So what it would take to ease the ....
Reporter with defense news. What does the Defense Authorization bill and what is in the version, the 2018 version approved by the House Armed Services committee . The House Armed Services passed it, the national Defense Authorization act for 2018 earlier or late last month, and what it is, is the bill the annual defense policy bill. It gets reconciled with the senate version. In this case they authorized about 696 billion in defense budgeting and related policy provisions for the pentagon. So thats 696 billion figure though, it exceeds the cap set in the budget control act. How will congress reconcile that . Well, thats a huge question. The budget cap for defense in this case is a number, it is 549 billion. So what it would take to ease the ....
Civil security office. Todays forum will be available later at our website, cspan. Org. [inaudible conversation]. [inaudible conversation] good afternoon everybody. I have about 10 minutes so if you would start making your way back here, that would be great and we look forward to a great second panel. [inaudible conversation]. [inaudible conversation] now the senate comes back today at 3 00. Of course, coverage here on cspan2. They are back from their july 4 recess and we had a chance to get a preview of the earlier from a capitol hill reporter. Joe gould is congressional reporter with defense news. What does the Defense Authorization bill and what in the version, the 2018 version approved by the Council ArmedServices Committee . The house Armed Services ....
Joe sure. They asked it earlier this month, and what it is, it is the annual defense policy bill in the senate version, in this case, they authorized about 56 billion in funding and related provisions for the pentagon. That 696 billion figure, it exceeds the cap set in the budget control act. How will congress reconcile that . Joe that is a huge question. The budget cap for defense, the know is 549 billion. So what it would take to ease the spending cap is a change in the law, and a change in the law takes 60 votes in the senate, and 60 votes in the senate takes Senate Democrats. So what we know is that if Senate Democrats have leverage, in this deal, they are likely to press for more on the nondefense budget, which is likely to lower the defense side of the budget. Thats 596 billion number we are talking about is likely to come down. Lets go to investments, what does thi ....