Congress Reaches Deal on the FY22 Omnibus Bill

decorative imageAfter six months Congress finally reached a deal on the FY22 Omnibus Budget. Released this morning, the “Consolidated Appropriations Act, 2022” provides $1.5T to fund our government for the remainder of the fiscal year – that is through Sep 30th, 2022.

For those interested in Defense, the DoD’s unclassified budget will be $780B. Domestic budgets have increased substantially over FY21.

The bill still needs to be approved by both the House and Senate, and Congress has until March 11th to pass this bill, otherwise they’ll need an additional CR (continuing resolution). According to The Hill lawmakers are considering adding an additional four days to the current CR to ensure the bill passes without running into the current deadline.

You can read the full text, and any of the associated explanatory notes (i.e., where the money is…) here:

Bills This Week – Home (house.gov)

If you want to read The Hill’s reporting you can see it here:

Lawmakers reach $1.5T deal on government funding package | TheHill

Seismic Shift in Defense Spending

Rumors have been floating for months – and now everyone knows they are true.

The Army is shifting $25B within its Science & Technology (Research) and Acquisition (Development and Procurement) accounts to fund its highest priority areas. This shift will coincide with the 2020 Budget and affect FY 2020 and the subsequent four years.

Given the Army’s 2019 budget for these two accounts was roughly $30B, it’s a significant realignment in resources. Continue reading