:

Business/Financial

Panetta: I’ll Take Any Sequestration Deal From Congress

Julie Samuel

Friday, September 28th, 2012

SHARE:

Defense Secretary Leon Panetta said yesterday he’d “take whatever the hell deal” lawmakers can come up with to delay or prevent so-called sequestration budget cuts. The $500 billion in decade-long reductions to planned defense spending will start in January if congressional Democrats and Republicans cannot agree on a plan to replace sequestration with other government savings. Many lawmakers and President Barack Obama oppose sequestration, but cannot agree on an alternate plan. Panetta had previously joined Obama in calling for Congress…

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]

Congress

House Narrowly Votes To Pass $1.15 Trillion FY ‘27 NDAA, Blueprint For Reconciliation 3.0

The House on Wednesday narrowly voted to pass its $1.15 trillion version of the fiscal year 2027 National Defense Authorization Act (NDAA) and a blueprint for a third reconciliation bill […]