DOD financial picture clouded, uncertain, analysts say

04/9/2013 | Reuters

The Pentagon is unprepared for pending budget cuts and faces more financial uncertainty with the new White House budget proposal, defense analysts say. President Barack Obama's budget would allot $526.6 billion for defense spending, but would rely on revenue hikes and spending cuts elsewhere to provide the increased Pentagon funding, and experts warn achieving such a deal is unlikely. "Pentagon leaders are in for another year that looks like the one before it and the one before that, with no clarity in the short- or the long-term on budget or strategic matters," said Mackenzie Eaglen, a defense analyst at the American Enterprise Institute.

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