Here's One Military Program So Important Lawmakers Actually Agree About It
There's a budget battle brewing in Washington, but lawmakers are carving out exceptions for the Navy's top priority.
Lou Whiteman
Sep 22, 2020 at 9:00AM
The Democrat-controlled House of Representatives on Monday introduced legislation to avoid a potential government shutdown, and as one would expect in an election year, the proposal contained very little on the White House's wish list.
But there was one notable exception from the Pentagon list that survived the chopping block. That speaks to the importance of that particular program and is good news for lead contractor General Dynamics, (NYSE:GD) no matter what happens with the Defense Department budget in the years to come.
Putting underwater ahead of outer space
The House Appropriations Committee unveiled a so-called clean continuing resolution, which means it would simply continue funding the government at current levels even after the government fiscal year ends Sept. 30. It also prevents the Department of Defense from beginning new multiyear activities during the period of the resolution, unless an exemption is granted.
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