US House Passes Huge Defense Spending Bill
July 19, 2012
US lawmakers passed a sweeping $606 billion defense bill that exceeds a budget cap and faces a veto threat from the White House for failing to sufficiently rein in spending.
The bill would provide $518 billion for the Pentagon and an additional $88.5 billion for overseas contingency operations, specifically the war in Afghanistan and counterterrorism efforts, for the fiscal year that begins October 1.
The 2013 Defense Department spending bill had originally come in at $519 billion, an increase of $1 billion over 2012 spending, but in a surprise move just before the final vote lawmakers approved an amendment bringing the spending into line with current figures.
It's still roughly $2 billion more than President Barack Obama requested, and about $8 billion above the cap set by last year's Budget Control Act.