Pentagon leaders and senators lamented the impact potential “sequestration” budget reductions would have on the defense industry yesterday, as Democrats and Republicans continued to clash over proposals to stop the cuts. Deputy Defense Secretary Ashton Carter told the Senate Armed Services Committee (SASC) he no longer believes politicians will find a way to avert the decade-long sequestration cuts. The $1.2 trillion package of politically unpopular spending cuts, $500 billion of which would come from the Pentagon, is slated to start…
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A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]
Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation
NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]
HII Executive Outlines Its Shipbuilding Acceleration Strategy
An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]
House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature
The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]