Regulations and Government
More Pressure on U.S. Defense Budget, Fiscal Year 2012 Highlights
President Obama outlined ambitious new goals for U.S.

President Obama outlined ambitious new goals for U.S. deficit reduction, including a call for growth in security spending to be held below inflation over the next 12 years. This amounts to a $400 billion cut over current plans. Fiscal hardliners have called for even greater cuts in defense spending–up to $1 trillion. While the Congress would probably not implement such drastic surgery, the outlook for defense spending in the U.S. has now clearly changed.

Meanwhile, the Fiscal Year 2011 U.S. federal budget has finally been approved, allowing the Pentagon to start new programs. Aviation highlights of the Fiscal Year 2012 Pentagon budget testimony given recently to Congress are: