Some senators are starting to float proposed amounts of defense budget cuts, with those numbers being much less than the $1 trillion over 10 years that would be cut if sequestration occurs,
MoreDefense Department Comptroller Robert Hale said Friday the Pentagon is roughly at “midfield” in meeting a 2014 deadline to prepare an auditable statement of budgetary resources, Federal News Radio reports. Jared Serbu
MoreThe House voted 329-91 Thursday to extend government funding for six months, ending March 27, Reuters reports. According to David Lawder‘s report, the Senate is expected to vote on the continuing resolution,
MoreThe Congressional Budget Office said Wednesday that fiscal year 2012 will end with a federal budget deficit of about $1.1 trillion, or 7.3 percent of the gross domestic product. CBO added it
MoreLeaders at two major defense contractors recently cited lawmakers’ unwillingness to compromise as a factor in Congress’ inaction over the potential of sequestration, Talking Points Memo reports. Two weeks ago, Pratt &
MoreNine senators are proposing a bill that aims to create incentives and accountability standards for auditing the Defense Department, Sen. Joe Manchin’s (D-W.Va) office announced Thursday. Manchin, Tom Coburn (Okla.), Kelly Ayotte
MoreCongressional leaders have agreed to a six-month extension of funding for government agencies and discretionary spending through March 2013, Reuters reports. The current fiscal year ends Sept. 30 and the House and
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