Ashton Carter Deputy Defense Secretary Ashton Carter has been given orders from Defense Secretary Leon Panetta to ”take the lead for eliminating wasteful spending, consolidating duplicative functions and driving ongoing and new efficiency initiatives,” according to a memo obtained by DefenseNews.com The Pentagon announced it is trying to trim $450 billion out of its budget over the [...]

In wake of the recent financial crisis, the Federal Reserve System has agreed on a new ordinance requiring the country’s largest bank providers to draft a ‘living will’. The rule requires documented plans in hopes to help slow down any future meltdowns. The blueprints main course of action will address what actions to take if [...]

In an effort to eliminate unexpected charges, the wireless industry will be adhering to improved changes in its billing system. According to a report by Reuters, CTIA, the wireless trade association, will announce new guidelines Monday afternoon requiring companies to notify customers when they near and reach monthly limits on voice, text and data services, [...]

William Lynn, the former deputy defense secretary, was honored by the Defense Department for his service to the country during a ceremony earlier this week. “We really are thankful for his service to this department,” said current defense secretary Leon Panetta. “I’m personally thankful for the service he gave me as deputy.” Lynn was President [...]

NASA announced it is planning to launch the very first Earth-observing satellite on Oct. 27. The ultimate goal for the satellite entitled The National Polar-Orbiting Operational Environmental Satellite System Preparatory Project (NPP) will be to collect critical data on short and long-term weather patterns and increase our knowledge of climate change. New state-of-the-art sensors will [...]

NASA’s seven-seat space taxi could take flight next summer as part of a test, according to a story from Reuters. The launch site will either be from the Edwards Air Force base in California’s Mojave Desert or from the White Sands Missile Range in New Mexico. There are four space taxis being manufactured by the [...]

The Department of Homeland Security is committing to 12 cloud services as part of its “Cloud First” policy vow with the White House. The DHS will offer nine private clouds and three public versions, Chief Information Officer Richard Spires told the House Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologiesa House cybersecurity subcommittee. Included among the [...]

The eighth annual National Cyber Security Awareness Month was kicked off Oct. 7 at the Michigan Cyber Summit when the state hosted both Secretary of Homeland Security Janet Napolitano and White House Cybersecurity Coordinator Howard Schmidt. Michigan Governor Rick Snyder hosted the event and announced a “Cyber Initiative” in which his state will authorize a [...]

The House Transportation and Infrastructure Committee will meet next week to consider President Obama’s proposal to create a national infrastructure bank. The proposed bank would provide $10 billion solely for transportation projects. Obama has already pleaded for $50 billion of direct spending into infrastructure projects as apart of his recent jobs proposal. Supporters of the idea [...]

Federal Aviation Administration executives had grim reports on the airline industry during Wednesday’s meeting with Congress. The FAA representatives cited serious problems with budgeting, deadlines and management of its billion dollar upgrade of the air traffic control system, all of which are affecting the agency’s multi-stage NextGen effort. NextGen was developed to modernize all of [...]