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House GOP Budget Blueprint Adds $73 Billion for Defense

Quiver Quantitative - Contributor Content

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House Republicans released a budget blueprint that would authorize up to $95 billion in party-line spending, including $60 billion for Armed Services and $13 billion for Intelligence. The proposal is part of a planned reconciliation package, a process the Congressional Research Service says can move through the Senate without a three-fifths cloture vote.

  • The House Budget Committee markup is scheduled for Thursday, with GOP leaders targeting a House vote next week.
  • The blueprint also includes up to $10 billion for House Administration and $12 billion for Agriculture.
  • The debate follows Senate Democrats blocking a roughly $1 trillion defense bill, while the White House seeks larger Pentagon funding, AP reported.
  • Axios reported GOP leaders were assembling roughly $67 billion in defense funding as part of the framework.

    • Relevant Companies

  • Lockheed Martin (LMT): Major Pentagon contractor for aircraft, missiles and defense systems.
  • RTX (RTX): Produces missiles, sensors and air-defense systems used by U.S. forces.
  • Northrop Grumman (NOC): Defense and intelligence contractor with space, surveillance and military systems exposure.
    • This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

    Related Symbols

    Symbol Last Chg %Chg
    LMT 511.10 -2.42 -0.47%
    Lockheed Martin Corp
    NOC 527.26 +8.61 +1.66%
    Northrop Grumman Corp
    RTX 194.47 +0.11 +0.06%
    Rtx Corp

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