Facing economic uncertainty, defense contractors are plotting to spur Congress to nix the automatic budget cuts set to begin next year. The plan? Threaten to send out layoff notices —…
CSBA In the News
Pentagon Could Keep Big Weapons Despite Automatic Spending Cuts
June 10, 2012 • In the News • Original: Washington Times
The Pentagon could hold onto its crown jewel weapon systems even though looming automatic federal spending cuts would inflict a $54 billion gash in the 2013 defense budget, military budget…
Bernanke: US is Facing “Fiscal Cliff”
June 7, 2012 • In the News • Original: Associated Press
Fears about a looming fiscal crisis at the end of the year are starting to pinch job growth and threatening to undercut the nation’s fragile recovery, a growing number of…
Sub Fire Could Have Ripple Effects for Navy Fleet
June 4, 2012 • In the News • Original: Associated Press
The Navy is evaluating whether it’s worth spending millions of dollars to repair the USS Miami, the nuclear-powered submarine damaged in a fire in a Maine shipyard. If the submarine…
Kelly Ayotte: Reversal on War Funds “Deeply Troubling”
June 4, 2012 • In the News • Original: Politico's Morning Defense
/…/In November, Panetta had said OCO funds would be exempt from sequestration. But Pentagon officials recently came to the opposite conclusion after discussing the issue with OMB, Pentagon spokesman Capt….