Wednesday, September 14, 2011

Senate panel would freeze fiscal 2012 defense spending

The Senate Appropriations defense subcommittee voted Tuesday to freeze basic Pentagon spending next year to the 2011 level of $513 billion, cutting about $26 billion from President Obama’s original request for fiscal 2012.

With an additional $117.8 billion to fund the wars in Afghanistan and Iraq, the panel voted on a total of $630.8 billion — $18 billion below the amount the House passed in July.