The FY14 Omnibus just signed into law chops $30 billion from the pre-sequester defense budget, reducing it to a level that will likely be fairly stable for the next few years. Although the defense budget will erode a bit in real terms over the next two years, the Omnibus brings the base defense budget to its lowest nominal value planned under the Budget Control Act and the Bipartisan Budget Act. After years of fighting over government spending, this appropriations bill gives the first clear look at what the priorities in defense budget will actually be in the future. Probably to many people’s surprise, readiness was prioritized over everything else, warding off the dangers of a hollow force.
Read full brief here.