IT’S FINALLY HERE: After the teaser trailer that was President Trump’s “skinny budget” blueprint in mid-March, the administration released the full spending plan for fiscal 2018 today.
THE TOPLINE: As was widely reported, the request includes $574.5 billion for baseline Defense Department funding, $29 billion in other national defense (Energy Department nuclear activities, etc.) and $64.6 for overseas contingency operations. The $603 billion national defense baseline (minus OCO) is $18.5 billion higher than Obama’s projection and $54 billion higher than the Budget Control Act budget caps. We made a handy cheat sheet here.
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