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1 day ago · Uniformed Services Pay Raise: The Employee Cost Index (ECI) rose 4.5% in the third quarter of FY 2023; by statute, that figure should set the pay raise for servicemembers beginning in January 2025. Congress must sustain these increases – they are vital for our servicemembers’ financial well-being, as well as for the military’s ability to ...
6 days ago · The $1.2 trillion bill — $825 billion of which has been set aside for military spending — was unveiled Thursday and may take several days to finalize because of parliamentary rules. That means...
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5 days ago · There’s also a combined $2.1 billion for the Army’s Long-Range Hypersonic Weapon and the Navy’s Conventional Prompt Strike hypersonic weapon system.
2 days ago · The 2024 COLA adjustment demonstrates a proactive initiative to tailor military pay structures to the ever-changing realities faced by service members stationed at different locations. 2. Basic Pay Increase. In 2024, the military experienced changes in its yearly pay raise, particularly impacting the basic pay scales.
2 days ago · Secretary of the Air Force Frank Kendall gives closing thoughts on reoptimizing for great power competition during a fireside chat with Air and Space Forces Association President Bruce Wright at ...
4 days ago · Budget for FY2020. For fiscal year 2020 (FY2020), the Department of Defense's budget authority was approximately $721.5 billion ($721,531,000,000). Approximately $712.6 billion is discretionary spending with approximately $8.9 billion in mandatory spending.
5 days ago · Military pay will increase 5.2% for 2024, compared to 2023 levels, now that President Joe Biden has signed the new rate into law.