As President Biden releases a new federal budget framework, we examine the potential ramifications for defense contractors, particularly Lockheed Martin and...
Lockheed Martin’s main production facility for the joint strike fighter is in Fort Worth, where the company employs more than 18,000 people.
Fort Worth Democratic Rep. Marc Veasey says he’ll fight to fund the program, and began lobbying the White House even before the budget was released. Fort Worth Rep. Kay Granger, the ranking Republican on the House Appropriations Committee, also is set to defend the F-35, saying the program is more critical than ever for national security.
During their Monday budget briefings, top Pentagon officials repeatedly tied the cuts in F-35 numbers to a desire to see those technology upgrades in place. The administration’s budget proposal serves as a key starting point for Congress’ annual spending bills, but ultimately lawmakers have the final say. There is a long history of the executive branch proposing cuts to weapons systems only to see them restored by members of Congress who are focused on jobs for their constituents.
Veasey said in a statement earlier Monday that he was disappointed the administration proposed to cut F-35 numbers.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FNC's Watters: Hearing Hunter Biden 'Will Be Indicted'; Predicts Presidential Pardon, No Biden 2024 BidFriday, FNC host Jesse Watters told his viewers he heard Hunter Biden, son of President Joe Biden, would be indicted. | Clips
Read more »
Biden Asks Congress for a Record-Breaking $813 Billion in Military SpendingBiden is set to unveil a budget for the next fiscal year that includes a record $813.3 billion in funds for the U.S. military apparatus, a $31 billion increase from the current level.
Read more »
Judge Says Trump Likely Broke the Law by Trying to Obstruct Congress From Confirming Biden WinA federal judge said Donald Trump likely broke the law by “corruptly” attempting to obstruct the confirmation of President Joe Biden’s Electoral College win.
Read more »
Biden to ask Congress to fund the police with $32 billion in new spendingNEW: Biden will propose more than $32 billion in new spending to fight crime, two White House officials familiar with his 2023 budget plans tells Axios, putting a price tag on his State of the Union call to fund — not defund — the police.
Read more »
Biden Asks Congress to Approve Record $813 Billion in Military Spending\u0022The hawks in Washington want to jack up the military budget and use Ukraine as an excuse,\u0022 warned one analyst.
Read more »
Biden budget seeks minimum tax on households worth $100mPresident Joe Biden plans to propose a fiscal 2023 budget Monday that would cut projected deficits by more than $1 trillion over the next decade, according to documents obtained by The Associated Press.
Read more »