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Tag Archives: resources

Budget Analyst: Sequestration Effects on Contractors Have 3-Year Lag

A budget analyst claims the automatic budget cuts scheduled for January would only affect 3.5 percent of weapons programs for the next fiscal year, Bloomberg reports. Todd Harrison, a budget analyst with the Center for Strategic and Budgetary Assessments, said defense contractors would feel the full effect of sequestration cuts …

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David Wessel: Sequestration Compromise ‘Ambitious But Possible’

Congress agreeing to enough tax revenue increases and spending cuts that would nullify sequestration cuts is an ambitious goal but could be possible, the Wall Street Journal’s economics editor has said. According to FierceGovernment, David Wessel made the comments during an Aug. 10 New America Foundation event in Washington. He …

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Faster Clearance Wait Times Largely Not Affecting Hiring, Survey Suggests

Government contractors, agencies and recruiters are largely not changing their hiring practices even though waiting times for clearances are decreasing, a ClearanceJobs.com survey indicates. Of the 472 hiring managers and recruiters surveyed in late July, 63 percent said their recruiting practices have not changed while 19 percent said improved processing …

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Report: Russia Set to Spend $723B on Unmanned, Manned Planes

The Russian air force will direct $723 billion in funds toward new warplanes and helicopters over the next eight years, RT News reports. According to the report, President Vladimir Putin told an audience at a Moscow-area air show the country plans to acquire 600 new warplanes and 1,000 helicopters through …

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TechAmerica Evaluates Contractor Clearance Process, Interagency Transfers

A recent TechAmerica survey of contractors claims the federal government is spending millions of public funds on redundant clearance systems, Federal Computer Week reports. According to Matthew Weigelt’s report, 74 percent of respondents have at least 101 employees with clearances. One-fourth of contractors said they spent between $1 million and …

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New Law Calls on WH to Detail Sequestration Plans

The White House budget office will be required to reveal exactly how the government will execute automatic budget cuts in January 2013 if sequestration takes effect, The Hill newspaper reports. Erik Wasson reports President Obama signed the Sequestration Transparency Act, which moved through the House in July by a 414-2 …

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Report: Contractors Push For Tax Compromise Can Include Increases

Leaders 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 & Whitney President David Hess and Lockheed Martin CEO Robert Stevens testified before the House Armed Services Committee about …

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CBO: Treasury to Report Year-Over-Year Deficit Decrease

The Treasury Department is set to report a $975 billion deficit for the first 10 months of fiscal year 2012, according to a recent Congressional Budget Office report. CBO estimates that comes out to $125 billion less than the $1.1 trillion deficit incurred through July 2011. Receipts in the first …

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Carter, Zients Hint at Potential Sequestration Cuts to House Panel

The defense budget for fiscal year 2013 could result in cuts to weapons and vehicles procurement as well as furloughs and layoffs for civilian employees, the Pentagon’s number two official told a House panel Wednesday. According to The Hill newspaper, Ashton Carter told the House Armed Services Committee the Pentagon …

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