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.
