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Navy must balance budget across three major areas, says Chief of Naval Operations

The Navy’s fleet of just over 290 ships won’t grow to its 355-ship goal without a big influx of money from Congress. That was the message from the Chief of Naval Operations Adm. Michael Gilday to Congress this budget season. In a “Government Matters” exclusive conversation at the Navy League Sea-Air-Space 2021 Virtual Preview, Adm. […]

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Concern from Congress about lack of specificity in Navy’s 30-year shipbuilding plan

The Chief of Naval Operations Adm. Michael Gilday spoke on “Government Matters” about the plans he wants Congress to support to build out his fleet and its capabilities. Two of the power brokers in Congress he has to convince, however, want more detail than they’ve gotten so far. In an exclusive conversation with Rep. Joe […]

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Senate bill would cause “significant challenges” for Thrift Savings Plan, according to board director

A new Senate bill from Sen. Marco Rubio (R-FL) would force the Thrift Savings Plan to revamp its international fund to take out companies the Chinese government owns or owns parts of. Those restrictions don’t apply to other funds, according to Kim Weaver, director of external affairs at the Federal Retirement Thrift Investment Board. Weaver […]

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Global maritime strategy necessary for urgent threat of China, says Congresswoman Elaine Luria

The new Navy shipbuilding plan plots out a fleet that could wind up being anywhere from 320 to over 500 ships. However, the Chief of Naval Operations Adm. Michael Gilday said this week the Navy can only afford a 300-ship fleet with its current budget. According to Rep. Elaine Luria (D-VA), vice chair of the […]

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Former Army commander expresses concern about defense budget timing

Budget and authorization season is officially underway in Washington. All the military services made their budget cases to congressional committees this week, but the discussions and negotiations still have a long way to go. Gen. Carter Ham (USA Ret.), former commander of United States Africa Command and now president and chief executive officer of the […]

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Government financial managers are “looking at multiple tracks” to plan for continuing resolution

The chairman and ranking member of the Senate Appropriations Committee agree the budget process is starting later than ever this year. That means at least one continuing resolution, a congressional measure to fund the government for a limited time, is likely. Senate Appropriations Committee Ranking Member Richard Shelby of Alabama says, “it’s going to be […]

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Biden’s nominee for Navy secretary is a historic pick for multiple reasons

The Biden administration’s nominee to become Navy secretary is a historic selection for a couple of reasons. If the Senate confirms Carlos Del Toro, though, he will face some of the same old problems. Jerry Hendrix, former director of the Secretary of the Navy Advisory Panel and now vice president of the Telemus Group, said […]

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