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DEFENSE WATCH

By Cal Biesecker

Tuesday, October 9th, 2012

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The Latest Word On Trends And Developments In Aerospace And Defense Sequester Swap. A government watchdog group is calling for lawmakers to avoid “sequestration”--the $1.2 billion in longterm defense and non-defense spending reductions slated to start in January--through a $2 billion package of spending cuts and tax hikes. Taxpayers for Common Sense (TCS), though, wants even-larger defense reductions: $672.5 billion instead of the $500 billion tied to sequestration. While the sequestration reductions would make across-the-board cuts of the same percentage…

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