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Congress

Obama And McCain Target Government Contracting During Fiscal Crunch

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By Emelie Rutherford Presidential candidates Sens. John McCain and Barack Obama are proposing contracting reforms as cost savers in the wake of the U.S. credit crisis, with McCain last Friday calling for an end to cost-plus Pentagon contracts days after Obama pledged to cut federal spending on contractors by 10 percent. Campaign observers said that in the defense realm, the contracting changes floated by either or McCain (R-Ariz.) or Obama (D-Ill.) may prevail, considering the similarities between the opponents' proposals and…

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