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Pentagon Press Conference Underway Shortly

US

Pentagon Press Secretary Air Force Brig. Gen. Pat Ryder is shortly due to deliver a press conference from the Department of Defence.

  • Livestream: https://www.defense.gov/News/Live-Events/
  • Comes as Congressional negotiators close in on a compromise on defence spending which will reportedly call for a USD$45 billion increase on spending requested by President Biden in his budget.
  • According to Politico, the topline spending number for the National Defence Authorisation Act could go as high as USD$858 billion and, “Democrats and Republicans in both chambers backed large increases on the premise of addressing high inflation and keeping pace with China.”
  • House leadership aims to have an NDAA text ready for consideration in the House next week. Final approval of the bill will require a spending boost enabled by passage of a FY23 omnibus. The current government funding stopgap expires on December 16 and Congressional appropriators have yet to announce an agreement on topline spending.
  • If a FY23 budget isn’t hammered out by the end of the year, Defence Secretary Lloyd Austin warns that the Department of Defence will take a significant hit in real term spending.
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