Tag: reconciliation funding

Pentagon Eyes Flood of Reconciliation Funds for Defense Contracts

Defense Secretary Pete Hegseth told the Senate Armed Services Committee that the floodgates are about to open, promising a surge in defense contracts as a massive $152 billion in funding is set to be unleashed, with only $26 billion allocated so far. The pending contracts are expected to prioritize key initiatives, including munitions, nuclear modernization, and new ships.