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Defense orders rise while actual military spending dips
The Defense Department anticipates new defense contracts this year totaling 16 to 18 billion dollars, nearly doubling last year’s net volume, while actual military expenditures are forecast to fall by about 2 billion from January’s budget projections. The Eisenhower administration cites reapproval of requirements and inventories as the driver, with Congress potentially altering plans. Unobligated defense funds remain substantial.
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Department of Defense
Eienhower
Eisenhower
Congress
Budizet Bureau
Defense Department
WHH
Rowland Hughes
Post Office
Hughes
Washington Monument
Ussess
United States Savings
United States