Nation IN BRIEF : WASHINGTON, D.C. : Defense Dept. Misses Limit on Spending
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The Defense Department has underestimated military spending in fiscal 1992 by $2.8 billion, exceeding the limit imposed by Congress and the White House in last year’s budget agreement, the Congressional Budget Office said. Sen. Daniel K. Inouye (D-Hawaii) said that under Senate rules, lawmakers must follow the CBO calculation and would have to trim the budget if the department does not. The major portion of the apparent discrepancy centers on $2.3 billion in savings the department expects after it changes the accounting procedure it has used on transferring money to intelligence agencies, CBO officials said.
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