Defense Spending | featured news

Ask your average American whether the defense budget should go up or down in 2013, and by how much, and they’ll tell you to cut spending by a whopping 18 percent. Ask your average member of Congress the same question, and no matter which party they’re from, you’ll likely hear that defense spending should barely budge from where it is right now.

The House has passed a $649 billion defense spending bill that boosts the Pentagon budget by $17 billion....

President Obama seeks up to $4 trillion in deficit cuts, putting Social Security, Medicare, defense spending and tax reform on the table as part of a balanced approach to cuts, officials say.