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Sea power backers propose $25 billion to fix US shipyards
The introduction of the 11-page Shipyard Act comes after President Joe Biden proposed a $2.25 trillion infrastructure package and Republicans made a $568 billion counteroffer.
By Joe Gould
Latest "congressional budget office" stories
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Navy shipbuilding plan would require ‘unprecedented’ funding levels, watchdog agency says
The shipbuilding plan released in December would give the fleet more than 400 ships by 2051, at a cost of $1 trillion, and would require annual funding "unprecedented since World War II," the CBO said.
Budget watchdog questions Navy’s plan for 355-ship fleet
A Congressional Budget Office report released this month raises questions about if and how the Navy will ever achieve the growth laid out in a report to lawmakers earlier this year.
Trump donates his presidential paycheck to VA caregivers
The move is the fifth donation the president has made to federal departments since he took office last year.
Math doesn’t add up for budget to support Trump military buildup
President Trump’s military buildup goals would face hash headwinds from a ballooning deficit and debt, according to the Congressional Budget Office.
By Joe Gould
CBO: Trump military buildup would cost taxpayers an extra $683 billion
The military buildup President Donald Trump has called for would cost $683 billion more than current spending plans over the next decade, according to a new analysis by the Congressional Budget Office.
By Joe Gould