By Matt Vallone, Director of Research & Analysis
Main Story: FY 2018 Budget Details Land Amidst a Busy Week
After months of waiting (at least here in Avascent Analytics), details will be released this week for the Trump administration’s FY2018 budget request. While this would normally dominate discussion in Washington, it will almost certainly be drowned out by news from President Trump’s first trip overseas, the release of the Congressional Budget Office’s scoring for the already-passed House Republican replacement of Obamacare, and testimony on Tuesday from former CIA Director John Brennan on Russian meddling in the 2016 election. That being said, we will almost certainly be focused on the budget details to the exclusion of everything else once they are released tomorrow morning. We plan on having a summary deck available by the close of business on Wednesday that will provide topline and account level information on the FY18 request. Please email us at email@example.com if you’d like more information.
House Activity – The House will work through a variety of suspension bills, while more controversial legislation on regulatory reform will be considered later in the week. In addition, legislation on preventing sexual abuse and protecting against child exploitation should be voted on Thursday.
Senate Activity – While Republican leadership continues negotiations on health care reform, the Senate will vote on a series of nominations, including former governor Terry Brandstad, who, if confirmed, will be the Ambassador to China.
- 5/23 ‘Worldwide Threats’, Full Committee Hearing, SD-G50 Dirksen, 930am
- 5/23 ‘CLOSED: Navy Readiness Challenges, Emerging Threats, and the Requirements Underpinning the 355 Ship force Structure Objective, Subcommittee on Seapower, SVC-217, 230pm
- 5/23 ‘Cyber Posture of the Services’, Subcommittee on Cybersecurity, SR-222, 230pm
- 5/24 ‘Industry Perspectives on Options and Considerations for Achieving a 355 Ship Navy’, Subcommittee on Seapower, SR-232A, 930am
- 5/24 ‘Department of Energy Atomic Energy Defense Activities and Programs, Subcommittee on Strategic Forces, SD-G50, 230pm
- 5/25 ‘Posture of the Department of the Army’, Full Committee Hearing, SD-G50, 930am
- 5/23 ‘Fiscal Year 2018 Budget Request for U.S. Cyber Command: Cyber Mission Force Support To Department of Defense Operations’, Subcommittee on Emerging Threats and Capabilities, 2118 Rayburn, 330pm
- 5/24 ‘Department of the Navy FY 2018 Budget Request for Seapower and Projection Forces’, Subcommittee on Seapower and Projection Forces, 2212 Rayburn, 2pm
- 5/24 ‘Ground Force Modernization Budget Request’, Subcommittee on Tactical Air and Land Forces, 2118 Rayburn, 330pm
- 5/25 ‘Department of the Air Force FY 2018 Budget Request for Seapower and Projection Forces’, Subcommittee on Seapower and Projection Forces, 2212 Rayburn, 8am
- 5/25 ‘Fiscal Year 2018 Priorities for Nuclear Forces and Atomic Energy Defense Activities, Subcommittee on Strategic Forces, 2118 Rayburn, 9am
- HAC-D – 5/24 ‘National Guard and Reserve Hearing’, H-140, 10am
- SAC-D – No hearing scheduled
Government Activity Round-Up
Nothing new from CBO of interest, so we’ll just reiterate that last week two important reports were released regarding defense spending. The first was CBO’s review of the Navy’s FY 2017 Shipbuilding Plan. Like past years, the CBO’s conclusion was that the cost of the Navy to execute its plan to get to 308 ships would be about one-third more than it has historically spent on shipbuilding. Getting to 355 would be an even more difficult undertaking. More here. Second, the CBO released a report titled, ‘Projected Costs of U.S. Nuclear Forces, 2017 to 2026’. This piece dove into the cost of maintaining the U.S. nuclear triad and what those costs may look like in the next decade. The headline number is that it would cost over $400 billion from 2017 to 2026 to execute the current nuclear modernization plans.
The most interesting new GAO report looks at DoD’s space acquisitions and concludes that DoD continues to struggle with cost overruns, delays, and poor leadership. More here.
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