Breaking Defense is reporting that the Defense Department obligated $142 billion from last year's reconciliation bill before a deadline, leaving billions of dollars subject to cuts. It said any funding from the reconciliation bill left unspent by the Pentagon suffers an 8.3 percent cut known as sequestration as fiscal 2027 begins.
Breaking Defense also is reporting that more than 150 new military programs face delays under a continuing resolution. It said the Defense Department will operate under a continuing resolution until lawmakers successfully pass a fiscal 2027 budget.
Separately, Breaking Defense is reporting that drone-maker Powerus, backed by the Trump brothers, has gone public. It said Powerus CEO Andrew Fox stated that completing the transaction puts the company in a position to build at the scale its customers are asking for.
Breaking Defense also is reporting that the House intelligence committee could investigate defense firm contributions to a White House ballroom project. It said Rep. Jim Himes, the top Democrat on the House Permanent Select Committee on Intelligence, sent a Sept. 28 letter to a defense trade group warning of a "likely" probe into the project.