DoD obligates $142B from reconciliation bill before deadline, leaving billions subject to cuts
Any funding from last year's reconciliation bill left unspent by the Pentagon suffers an 8.3 percent cut known as sequestration as fiscal 2027 starts.
Any funding from last year's reconciliation bill left unspent by the Pentagon suffers an 8.3 percent cut known as sequestration as fiscal 2027 starts.
“We will not have a cold start to start production in [20]27. We will have assets rolling through. That said, even a company like ours can only do so much without procurement dollars,” said Erin Simpson, Anduril's vice president for strategy execution.
The bill, which now heads to the president's desk, gives Congress until Dec. 11 to pass full-year appropriations.
From the Iran supplemental to the debate over a third reconciliation bill, Congress will have its hands full with a long list of defense funding needs when it returns from recess in September.
The House and Senate have each passed separate versions of a continuing resolution, and must agree on a single bill before the new fiscal year starts on Oct. 1