The Military Money Crunch
Right now, the US is fighting two hot proxy wars, one in Ukraine and one in Gaza, but at the moment, it's running out of money : The military, like the rest of the federal government, is operating under a temporary funding measure that freezes spending at the previous year’s levels. And because the Middle East troop movements weren’t planned, the Pentagon has had to pull money from existing operations and maintenance accounts, DOD spokesperson Chris Sherwood said. President Joe Biden signed the stopgap measure this month to keep the government open until lawmakers can agree on a full-year spending bill. . . . “Current events have revised some of the operational assumptions used to develop the FY 2024 President’s Budget request. Specifically, neither the base budget request nor the FY 2024 supplemental request included funding for U.S. operations related to Israel,” he said. “We’re taking it out of hide,” Sherwood added. This may bear some relation to reports of reduced ...