DON'T JUST CAP; CUT:

It turns out that a budget deal has indeed been struck, but it left DoD out in the cold. The House and Senate just passed a concurrent budget resolution for fiscal year 2018, but they focused their negotiations on making sure they could pass a tax reform bill, and designated all of their budget flexibility toward that end. The defense budget was left at the BCA cap level: $52 billion below the budget request.

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