Tag Archives: House

COVID-19 Relief Measure to Earmark Additional $1B for Technology Modernization Fund

House lawmakers have proposed to allocate an additional $1B for the Technology Modernization Fund as part of the proposed HEROES Act to back information technology transformation initiatives in support of domestic and overseas COVID-19 prevention, preparation and response efforts, Bloomberg Government reported Thursday.

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House OKs Potential $484B Emergency Relief Package

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The House on Thursday passed a potential $484B emergency relief package that would provide additional funds for small businesses and expand COVID-19 testing efforts amid the coronavirus pandemic, The Hill reported Thursday. The measure brings the country’s total coronavirus pandemic response dollars to approximately $2.8T and includes $310B in additional funds for the Paycheck Protection Program, $75B for hospitals and $25B for COVID-19 testing.

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DoD, VA to Get Emergency Funds Under $2T COVID-19 Response Package

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The Senate on Wednesday unanimously passed a $2T emergency funding package to mitigate the economic impact of the coronavirus pandemic, Politico reported. The package would authorize $10.5B in emergency funds for the Department of Defense and another $19.6B for the Department of Veterans Affairs, according to a Military Times report

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Congress, White House Strike Two-Year Deal on Spending, Debt Ceiling

The White House and Congress have reached a deal that would suspend the debt limit until the end of July 2021 and raise federal spending over two years, The Wall Street Journal reported Monday. The two-year budget deal worth more than $2.7T would increase federal spending by about $320B over a couple of years above budget caps set in the Budget Control Act of 2011.

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McAleese & Associates Assesses Defense Spending Trends

A report by consulting firm McAleese & Associates says investors should expect the defense budget for fiscal years 2020 and 2021 at a range of $700B to $716B per year. Jim McAleese, founder and principal at McAleese & Associates, wrote in the report that the Pentagon’s overall budget in FY 2019 demonstrates …

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