The threat of a government shutdown eased last night as the Senate advanced a short-term continuing resolution, or CR, which would keep the government funded through Dec. 16.
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With inflation running high, the delay in providing full funding will result in the Pentagon losing an estimated $6 billion in military purchasing power a month, according to retired Marine Maj. Gen. Arnold Punaro, chairman of the National Defense Industrial Association.
“The current version of the CR effectively tables any of the bipartisan agreed-upon increases to defense spending for months — money that is sorely needed to address all of the challenges we face, from inflation to Russia’s war in Ukraine to China’s threats against Taiwan,” Punaro, a former staff director for the Senate Armed Services Committee, told the Washington Examiner.