News
Bernanke: US is Facing “Fiscal Cliff”
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 economists and employers say.
Sub Fire Could Have Ripple Effects for Navy Fleet
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.
Kelly Ayotte: Reversal on War Funds “Deeply Troubling”
/.../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. John Kirby tells us.
Looming Defense Budget Battle
Todd Harrison joins an expert roundtable to discuss budget and defense spending.
Some Lawmakers Look for Way Out as Defense Cuts Near
On Jan. 2, national security is set to receive a heavy blow if Congress fails to intervene. That is when a 10-year, $600 billion, across-the-board spending cut is to hit the Pentagon, equal to roughly 8 percent of its current budget. /.../
House, Senate Face Off Over Defense Bill
/.../President Barack Obama’s plans for a downsized military will be under attack as the House and Senate spar over the size of the Pentagon’s budget.