In a town full of hot air, speeches are a dime a dozen. But money still talks. So let’s compare the new Secretary of Defense’s policy agenda to his first proposed budget. While Leon Panetta, his predecessor, mostly built this budget, Defense Secretary Chuck Hagel owns it now and has already spent a considerable amount… Keep reading →

CAPITOL HILL: Former GOP Senator Chuck Hagel absorbed some tough criticism today from some fellow Republicans on the Senate Armed Services Committee but he looks likely to win confirmation. Whether he is confirmed may not matter very much in terms of when and why and where the United States might go to war or in… Keep reading →

[updated Tuesday 1/29 with Rep. Forbes’ recommendations & McKeon selections for QDR independent panel] WASHINGTON: It’s that time again. Though delayed by the still-unsettled strife over sequestration and the continuing resolution, deep inside the Pentagon the ponderous machinery of the Quadrennial Defense Review is gearing up. But this may be the QDR’s last chance. With… Keep reading →

WASHINGTON: While the House has voted to extend the debt limit to May, the automatic federal spending cuts called sequestration still loom $90 billion large, half that bill for the Pentagon alone. Yet, as fourth quarter earnings calls begin, the defense industry and its stock values remain remarkably resilient. What gives? Or rather, what isn’t… Keep reading →

UPDATED: Added Grim Assessment By Todd Harrison of CSBA WASHINGTON: Hope springs eternal, even here in the nation’s capital. After the election, both President Obama and House Speaker John Boehner made nice noises. And many pundits hailed this, believing either that sequestration would get kicked down the road a fur piece or a Simpson-Bowles’ grand… Keep reading →

I’ve changed the erroneous title I’d slapped on Mackenzie Eaglen’s JSF piece; my apology & explanation at http://aol.it/MdMfoi SydneyFreedberg

UPDATED Washington: Few things seem certain at this point from the budget deal struck yesterday. One point that three Hill sources agree on is that the Defense Department budget may well be frozen at or near 2011 levels. That means, a professional Hill staffer says, that the House Appropriations Committee will need to find another… Keep reading →