What Happened
Defense Department Moves Quickly To Secure Reconciliation Funding
The US Department of Defense has obligated approximately $142 billion of the reconciliation funding allotted to it, leaving around 7% of the total amount susceptible to across-the-board spending cuts. The funding, which includes billions for military modernization priorities, is available for several years, but any unspent amount is subject to an 8.3% cut known as sequestration. The Pentagon’s efforts to secure the funding come after a slow start, with Defense Secretary Pete Hegseth previously stating that only $26 billion had been placed on contract. The development was first reported by Breaking Defense.