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This report provides an overview of federal budget issues, focusing on recent fiscal policy changes. It discusses the major policy proposals contained in the President's FY2015 budget and the House and Senate budget resolutions and also addresses major short- and long-term fiscal challenges.

The Congressional Research Service (CRS) has selected a number of the military personnel issues considered in deliberations on H.R. 4435, the initial House-passed version of the National Defense Authorization Act (NDAA) for Fiscal Year 2015; S. 2410, the version of the NDAA reported by the Senate Committee on Armed Services (S.Rept. 113-176) but not considered by the full Senate; and H.R. 3979, the proposed final version. This report provides a brief synopsis of sections in each bill that pertain to selected military personnel policy. These include end strengths, compensation, health care, and sexual assault, as well as less prominent issues that nonetheless generate significant public interest. This report focuses exclusively on the annual defense authorization process.