New Shipbuilding Plan Underfunded, CBO Says
By Michael Fabey
W
hile the U.S. Navy intends to cut down on the number of ships it will purchase over the coming three decades, the service’s updated shipbuilding plans will require more money to support the fleet, according to a recent analysis by the Congressional Budget Office (CBO).
CBO notes that the recent Navy 30-year shipbuilding report—issued in February and covering fiscal years 2011-40 ...
