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Reconciliation bill boosts military pay, housing, cuts benefits for troops, veterans

Summary by Federal News Network
The Pentagon is one step closer to securing a $150 billion funding increase after Congress approved the reconciliation bill that the department was banking on to supplement its otherwise flat budget. This year, the Defense Department decided to build its fiscal 2026 budget request around a “one budget, two bills” approach, shifting many of its priorities — including quality-of-life improvements, shipbuilding and missile defense — to the one-time…

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Federal News Network broke the news in on Friday, July 4, 2025.
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