Sen. Mark Warner (D-Va.) believes the Senate could get 70 votes for a comprehensive fiscal deal that would include revenue increases, spending cuts and entitlement reforms, Federal Times reports. According to John
MoreThe U.S. Treasury is $235 billion short of the $16.4 trillion borrowing limit and could reach that ceiling before the year ends, Reuters reports. Using emergency measures would avert a default and
MoreSpending on the 16 intelligence agencies and departments decreased by one percent from last year, the first drop since 9/11, CNN Security reports. Going off a statement released by James Clapper, director
MoreThe Hampton Roads region will continue to play an integral role in the U.S. defense strategy even as the Defense Department will see budget cutbacks over the next decade, Defense Secretary Leon
MoreA targeted $55 billion cut instead of the $109 billion slated to be cut from the federal budget under sequestration is an idea circulating around Congress, Capitol Hill aides told Reuters. According
MoreBank of America estimates that the federal government could reduce the deficit by about $720 billion if it goes off the fiscal cliff, Washington Post reports. The move would lower the nation’s deficit
MoreSome U.S. Army soldiers with between 15 and 19 years of service may be eligible for early retirement as the branch undergoes a planned drawdown of forces through 2017, the branch announced
MoreDemocrats on the House Appropriations Committee estimate the Defense Department will have to cut $60 billion from its fiscal year 2013 budget if sequestration takes effect, according to AOL Defense. That figure
MoreAccording to House Intelligence Committee chairman Rep. Mike Rogers, a new and undisclosed cyberthreat might start a new debate on the Cyber Intelligence Sharing and Protection Act during the lame duck session,
MoreThe Obama administration is scaling back federal consulting contracts ahead of schedule, reports Nick Taborek for the Washington Post. Last year, the administration made it a goal to lessen consulting contracts by
More