finance
Defense Department requests $67 billion supplemental funding
The Defense Department, funded with nearly a trillion dollars, is running out of cash according to multiple officials. It requested supplemental funding to cover operations until the October budget.
Jul 9, 1:57 PM·1m read4 sources
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Defense officials asked Congress for more than $67 billion in supplemental funding because the Defense Department is running out of cash, @unusual_whales reported, citing NBC News. Three U.S. officials, a former defense official, outside experts and two congressional staff members stated that the department faces the shortfall despite its nearly trillion-dollar budget.
The request seeks to ease the gap until the new budget takes effect in October. Little money remains to purchase new munitions or repair bases in the Middle East damaged by Iranian retaliatory attacks. Some training has been canceled and some military base repairs delayed.
A former defense official who discussed the funding problems with Pentagon officials said the military is “parking jets and turning off exercises” because of money shortages.
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