Pentagon Runs Short of Cash Despite Nearly $1 Trillion Budget
Updated
Updated · NBC News · Jul 7
Pentagon Runs Short of Cash Despite Nearly $1 Trillion Budget
2 articles · Updated · NBC News · Jul 7
Summary
$1 trillion in funding has not prevented the Pentagon from running short of cash, according to U.S. officials, a former defense official, outside experts and congressional staff members.
The squeeze reflects a mismatch between the Defense Department's huge topline budget and the cash available to cover near-term obligations.
The shortfall highlights funding-management strain inside one of the federal government's largest agencies despite record defense spending.