Pentagon Faces Yet Another Continuing Resolution

by Shaun McDougall, Military Markets AnalystForecast International.

The Joint Light Tactical Vehicle is among the programs impacted by a continuing resolution. Source: U.S. Army

President Trump and congressional leaders reached an agreement that will keep the U.S. government operating at FY17 funding levels through mid-December. The continuing resolution (CR), part of a broader legislative package that also included a three-month increase to the debt ceiling and nearly $8 billion in hurricane relief funding, was signed into law on September 8.  Republicans had been pushing for a longer extension  to the debt ceiling, but the agreement sets up critical votes on both the budget and the debt ceiling in December. Continue reading