Congress
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Business/FinancialAmid Mounting Cyber Threats, Obama Seeks Voluntary Standards For Industry, Directs Government To Share Information
President Barack Obama on Tuesday issued his long-awaited Executive Order on cyber security, directing the federal government to share classified and unclassified threat information with critical infrastructure organizations while also […]
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BudgetObama: Stop Sequester Cuts With Bipartisan Tax Deal
President Barack Obama called during his State of the Union address for Congress to avert looming “sequestration” budget cuts in part though “bipartisan, comprehensive tax reform.” Republicans skeptical of Obama’s […]
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CongressSequestration Debate Dominates Congress This Week
Senate Democrats unveiled some of their proposals for stopping “sequestration” yesterday, as Congress prepared for a week of debate on the looming budget cuts that could start in less than […]
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Congress
SASC To Vote On Hagel SECDEF Nomination
The Senate Armed Services Committee (SASC) will vote today on the nomination of Chuck Hagel to be defense secretary and, barring Republican opposition, he could be confirmed by the full […]
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Budget
Analysts: Pockets Of Growth For Defense Industry
The defense-industrial base will still have ample contracting opportunities–despite the Pentagon’s shrinking budget–in areas such as cybersecurity and new innovations, analysts say. The defense industry is no doubt facing challenging […]
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Congress
DoD Brass: Short-Term Cuts Should Be Reversible
Pentagon leaders told Democrats yesterday that actions the military is taking now to soften the blow of potential budget cuts scheduled for next month could be reversed if politicians agree […]
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Congress
GOP Skeptical Of Obama Call For Sequester Delay
President Barack Obama called yesterday for Congress to craft a short-term plan to prevent across-the-board Pentagon cuts from starting next month, spurring exasperated responses from Republicans wary of any tax […]
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ArmyU.S. Withdrawal From MEADS Program Would Cause ‘Economic Damage:’ Defense Ministers
Defense Ministers from Germany and Italy sent a strongly worded letter to U.S. Defense Secretary Leon Panetta expressing their “grave concerns” about U.S. withdrawal from the tri-national Medium Extended Air […]
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Congress
Dems, Repubs Balk At Each Other’s Sequestration Plans
Democrats and Republicans in both chambers of Congress continued to clash yesterday over their latest pitches for stopping the across-the-board Pentagon budget cuts slated to start in less than a […]
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Congress
FY ’14 DoD Budget Expected As Early As March
Though the Pentagon will be late in submitting a budget this year, the process of crafting the spending plan received a nudge last week. The White House’s Office of Management […]