The looming battle over defense funding
The Daily Punch
Punchbowl News
4.3 • 707 Ratings
🗓️ 18 June 2024
⏱️ 11 minutes
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| 0:00.0 | Across America, Walmart is helping small and medium-sized businesses grow. |
| 0:05.8 | The retailer's $350 billion investment in U.S. manufacturing supports businesses like |
| 0:12.5 | Athletic Brewing, which opened a new brewery and hired 200 people since working with Walmart. |
| 0:18.7 | Learn how Walmart's commitment to products made, grown, or assembled in America |
| 0:23.6 | is fueling America's workforce by visiting Bowl News. It's Tuesday, June 18th, 2024. Let's get into the mix. Here are your Washington headlines of the day. Number one, Senate Hawks are pushing for more money. Will it happen? Number two, we've got some news. CEOs are headed |
| 0:59.7 | to the Capitol to push for continued engagement in Israel. And number three, the latest on the |
| 1:06.1 | Virginia primaries. All right, happy Tuesday, everybody. There is a ton happening on Capitol Hill. |
| 1:13.1 | We've got a very interesting top by Andrew Desiderio and John Bresnehan taking a look at how |
| 1:19.8 | Senate defense hawks in both parties want a big boost in Pentagon spending for next year, |
| 1:26.4 | citing new and constantly evolving threats from |
| 1:29.1 | U.S. adversaries. To get that done in the midst of the battle of control of the Senate and |
| 1:34.1 | White House, as well as a looming spending fight with endangered House Republicans, may prove |
| 1:39.9 | to be too much this summer. A deal could be possible in the lame duck session, although that all |
| 1:44.9 | depends on who wins on November 5th. Senate Armed Services Committee last week approved a $25 billion |
| 1:51.5 | increase to the Pentagon's top line as part of the annual National Defense Authorization Act for |
| 1:58.4 | fiscal year 2025. The committee voted 22 to three to send that bill |
| 2:03.6 | to the Senate floor. But that final tally, while a win for defense hawks belied the reality on Capitol Hill, |
| 2:11.4 | as this year's spending wars are intensifying. The NDAA, of course, is just an authorization bill, so it all will |
| 2:20.1 | come down to what the appropriators actually approve. There's no deal right now on how much the |
| 2:26.1 | federal government should spend next year, and it's not clear if or when that will happen. |
| 2:32.2 | An interesting note here, Senator Jack Reed, the Democrat from Rhode Island, and the Armed Services Committee chair, took the unprecedented step of voting against that NDA package coming out of his own panel. |
| 2:47.1 | While Reed supports a defense spending hike, he opposed the legislation because it would bust the spending caps agreed to under the 2020-23 Fiscal Responsibility Act. |
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