 INDUSTRY TRENDSMay 2013Wednesday, May 22, 2013Government NewsThe Hill GAO: Government not cutting wasteCongress and the Obama administration have scrapped just a fraction of the duplicative programs targeted for cuts by Government Accountability Office (GAO), the agency's chief told lawmakers Wednesday. See more Sunday, May 19, 2013Government NewsDefense News DoD Examines 3 Budget-Cut ScenariosSenior US Defense Department officials are expected to present three budget-cutting scenarios to the defense secretary when they wrap up a wide-ranging review of military strategy at the end of this month, according to sources. See more Wednesday, May 15, 2013Government NewsDefense News US House Democrats: Defense Sequester Hurting EconomyPentagon spending reductions are hurting the US economy more than other spending cuts mandated under sequestration, say House Democrats, who appear poised to inject such effects into the 2014 midterm election narrative. See more Tuesday, May 14, 2013Government NewsThe Hill Hagel announces Pentagon furloughsThe Pentagon announced Tuesday that it will furlough more than three-quarters of its 800,000 civilian employees for 11 days to fulfill the automatic budget cuts under sequestration. See more Monday, May 13, 2013Government NewsWashington Post U.S. automatic cuts send Pentagon contract awards down 52 percentPentagon contracts tumbled 52 percent in April from a month earlier as across-the-board federal budget cuts took hold. See more Friday, May 3, 2013Government NewsThe Hill Sens. want Hagel to detail sequester cutsThe heads of the Senate Armed Services Committee are asking Defense Secretary Chuck Hagel to spell out how the Pentagon would cut $52 billion from its 2014 budget under sequestration. See more Wednesday, May 1, 2013Government NewsReuters Pentagon prepares to ask Congress for break from 'sequester'The Pentagon is preparing to ask Congress soon for more authority to shift funds to cope with automatic spending cuts, confronting lawmakers with another exception to the "sequester" just days after they gave a break to the flying public and the airline industry. See more April 2013Friday, April 26, 2013Government NewsNational Public Radio FAA Expected To Gain Flexibility On Budget CutsThe Senate has passed a bill to give the Department of Transportation more flexibility in how it makes the mandatory cuts of the sequester. Hundreds of flights were delayed this week after the FAA furloughed air traffic controllers, setting off a political storm. See more Thursday, April 11, 2013Government NewsDoD Buzz Air Force seeks budget boost, more F-35sThe U.S. Air Force in its 2014 budget request seeks to buy more F-35 fighter jets, restock its inventory of precision munitions and slightly thin the ranks of active-duty airmen. See more Friday, April 5, 2013Government NewsNew York Times Obama Budget Reviving Offer of Compromise With CutsPresident Obama next week will take the political risk of formally proposing cuts to Social Security and Medicare in his annual budget in an effort to demonstrate his willingness to compromise with Republicans and revive prospects for a long-term deficit-reduction deal, administration officials say. See more Thursday, April 4, 2013Government NewsWashington Post Hagel warns of deep, new cuts to defense budgetDefense Secretary Chuck Hagel told the Pentagon on Wednesday to brace for further cuts in defense spending and said the military needs to make fundamental changes in the way it operates to cope with new fiscal realities. See more Monday, April 1, 2013Government NewsAviation International News Sequestration and Aviation: Tower Closures Just the BeginningThe FAA lowered the boom on airports serving mainly GA, business and regional airline traffic, announcing on March 22 that it will close 149 ATC contract towers as part of its effort to slash spending by more than $600 million in the current fiscal year under the federal government's "sequester" mandate. See more March 2013Thursday, March 28, 2013Government NewsThe Day Defense manufacturers still nervous about the futureFresh from a Wednesday visit to Sikorsky Aircraft Corp. and Pratt & Whitney, Murphy said EB and Sikorsky are protected a bit by their multi-year contracts. See more Tuesday, March 26, 2013Government NewsThe Hill Obama signs funding bill, avoiding shutdownPresident Obama on Tuesday signed the continuing resolution that will keep the government funded through the end of the fiscal year, averting a government shutdown. See more Sunday, March 24, 2013Government NewsWashington Post As Obama signs sequestration cuts, his economic goals are at riskWith his signature this week, President Obama will lock into place deep spending cuts that threaten to undermine his second-term economic vision just four months after he won reelection. See more Thursday, March 21, 2013Government NewsDefense News Averting Government Shutdown, House Quickly OKs Senate's CRMoving at rocket speed after the U.S. Senate on Wednesday afternoon sent over a $982 billion continuing spending resolution with a full-year Pentagon spending bill, the House passed it Thursday morning. See more Wednesday, March 20, 2013Government NewsDefense News New WH Plan Would Cut $100B From DefenseThe White House is preparing to submit a fiscal 2014 federal budget that would partially offset across-the-board sequestration cuts by reducing the Pentagon budget by $100 billion, but not until later this decade, according to a senior defense official and budget documents. See more Tuesday, March 19, 2013Government NewsDefense News CBO Report: Prepare for Years of Defense CutsThe U.S. Defense Department should be prepared for budget cuts every year through 2021 to remain within the spending caps set by the 2011 Budget Control Act, the nonpartisan Congressional Budget Office (CBO) warns in a new report. See more Monday, March 18, 2013Government NewsDefense News DoD Reviewing Strategy in Wake of Budget CutsThe Pentagon has launched a new military strategy review that will examine how planned U.S. defense spending reductions will impact future Defense Department operations. See more Tuesday, March 12, 2013Government NewsDefense News Senators: Unclear Whether 'Grand Bargain' Would Undo SequestrationAs President Barack Obama kicked off a three-day Capitol Hill charm offensive lobbying blitz to prod lawmakers to act on budgetary and other matters, some veteran lawmakers say an eventual fiscal grand bargain might not totally undo sequestration. See more Thursday, March 7, 2013Government NewsWashington Post House votes to avert shutdown as Obama looks for big dealThe House took its first step to avert a government shutdown as President Obama began a series of rare meetings with Republican lawmakers on Wednesday, reviving chances for a long-term deal to reduce the federal deficit. See more February 2013Thursday, February 28, 2013Government NewsDefense News Midnight Triggers SequesterA half-trillion-dollar cut to planned Pentagon spending will be triggered the instant Thursday becomes Friday on the East Coast. See more Tuesday, February 26, 2013Government NewsPolitico With Republican ally, Obama blasts Congress on sequestrationPresident Barack Obama used a backdrop of a shipbuilding plant, factory workers and the local Republican congressman in his latest attempt to increase pressure on Congress to bend on the sequester cuts. See more Monday, February 25, 2013Government NewsDefense News DoD Unlikely To Get Budget-Cutting AuthorityWith a deadline for avoiding defense spending cuts closing in, there is no effort underway on Capitol Hill to give Pentagon officials the authority to decide what gets trimmed, congressional aides say, despite calls from some quarters to give the Defense Department that authority. See more Wednesday, February 20, 2013Government NewsThe Hill Democrats demand Boehner call the House back to deal with sequesterHouse Democrats on Wednesday amplified their calls for Congress to return to Washington and work to prevent across-the-board sequester cuts poised to hit in nine days. See more Tuesday, February 19, 2013Government NewsDefense News Obama Urges Congressional Action To Avoid SequesterPresident Barack Obama on Tuesday said "Congress must act" to avoid pending automatic defense and domestic spending cuts, and slammed congressional Republicans for being too unwilling to compromise. See more Friday, February 15, 2013Government NewsNew York Times Senate Democrats Offer a Proposal to Head Off Automatic CutsSenate Democratic leaders reached agreement Thursday on a $110 billion mix of tax increases and spending cuts to head off automatic spending cuts through the end of the year. See more Tuesday, February 12, 2013Government NewsUS News and World Report Senate Armed Service Committee Grapples With Sequestration RealityTop defense-minded lawmakers on Capitol Hill agree the more than $46 billion in automatic budget cuts scheduled to hit the Pentagon over the next seven months would have "devastating effects" on the military's ability to prepare for future and current conflicts. See more Monday, February 11, 2013Government NewsThe Hill Senate Dems aim to have sequester bill ready by ThursdaySenate Democrats are aiming to produce a bill to replace the sequester by Thursday, according to Democratic aides. See more Monday, February 11, 2013Government NewsRoll Call Unusual Allies Fight Sequester CutsDefense industry insiders joined with advocates for public health, research universities and other sectors that rely on federal funds Monday to issue a combined call to stop the upcoming sequester cuts. See more Friday, February 8, 2013Government NewsRoll Call Defense, Other Sectors Band Together To Fight SequesterSignaling new momentum in the defense industry's fight against automatic spending cuts, a broad coalition that includes university, military, public health and science groups will announce its plans to fend off the looming sequester. See more Wednesday, February 6, 2013Government NewsReuters White House, defense firms discuss automatic spending cutsSenior White House officials met with chief executives from top defense contractors on Wednesday to discuss the impact to their businesses of deep automatic federal spending cuts slated to take effect on March 1, White House spokesman Jay Carney told reporters. See more Wednesday, February 6, 2013Government NewsNew York Times Obama Urges Congress to Act to Stave Off CutsPresident Obama on Tuesday called on Congress to quickly pass a new package of limited spending cuts and tax increases to head off substantial across-the-board reductions to domestic and military spending set to begin on March 1, but his appeal for more revenue was dismissed by Republicans. See more Monday, February 4, 2013Government NewsRoll Call Defense Industry Braces for Sequester While Publicly Urging Alternatives to CutsThe Aerospace Industries Association, which has waged a two-year campaign to fight automatic defense cuts imposed by Congress, plans to add staff to its lobbying and communications divisions and is ramping up its messaging with fewer than four weeks before the ax is set to fall. See more Saturday, February 2, 2013Government NewsDefense News Military to Send Sequestration Plans to Obama This WeekBy the end of this week, the Pentagon must submit its plans to the White House for how it will deal with automatic defense spending cuts set to kick in March 1, according to defense sources. See more Friday, February 1, 2013Government NewsReuters Defense industry in late surge to stop spending cutsAn anxious U.S. defense industry has launched a new push to galvanize lawmakers who are doing little to stop the massive federal spending cuts due to kick in on March 1. See more Friday, February 1, 2013Government NewsNew York Times Congress Passes Debt Bill as a $1 Trillion Ax LoomsThe Senate gave final approval on Thursday to legislation suspending the statutory debt ceiling until May, officially turning Congress's attention to the next budget showdown: $1 trillion in across-the-board military and domestic spending cuts set to begin on March 1. See more January 2013Thursday, January 31, 2013Government NewsReuters No sense of crisis in Congress as automatic cuts loom againBig automatic cuts in federal spending are fast approaching again, alarming the defense sector but generating little activity in Congress to avoid them. See more Wednesday, January 30, 2013Government NewsWashington Post Deep spending cuts are likely, lawmakers say, with no deal on sequester in sightLess than a month after averting one fiscal crisis, Washington began bracing Tuesday for another, as lawmakers in both parties predicted that deep, across-the-board spending cuts would probably hit the Pentagon and other federal agencies on March 1. See more Sunday, January 27, 2013Government NewsStars and Stripes Debt deal may increase risk of sequestrationThe federal debt limit extension deal passed by House Republicans last week assures that the federal government will not default on its loans through mid-May. But that might not be good news for Pentagon officials gearing up for the next showdown: sequestration. See more Friday, January 25, 2013Government NewsNational Defense Magazine Analysts: Washington Will Continue to Punt Big Decisions on Defense SpendingCongress and the president have five weeks to decide how much to cut the defense budget. But pressure on the Defense Department to reduce spending will persist much further into the future, analysts warn. See more Thursday, January 24, 2013Government NewsPolitico Next up: Sequester, budget resolutionNow that the debt ceiling fight has been delayed until May, the next big fiscal drama deadline is March 1, when the spending cuts of the sequester take effect. See more Wednesday, January 23, 2013Government NewsDefense News Sequestration Talks Closer To Separation From Debt Ceiling FightThe U.S. House on Jan. 23 easily approved a measure that would separate talks on avoiding pending defense cuts from a likely raucous political debate about raising the nation's borrowing limit. See more Sunday, January 20, 2013Government NewsDefense News U.S. Services Detail Fiscal Crisis ImpactAs the tentacles of a fiscal calamity tighten, U.S. military leaders last week directed their staffs to begin cutbacks immediately and stand by for deeper cuts should the worst come to pass. See more Monday, January 14, 2013Government NewsReuters White House delays 2014 budget after "fiscal cliff" standoffThe White House will delay submission of its budget proposal to Congress for fiscal year 2014 because of the protracted fight over the "fiscal cliff," according to an official in President Barack Obama's budget office. See more Monday, January 14, 2013Government NewsFederal News Radio Air Force's sequestration hit would mean less of everythingThe Air Force is mapping out ways to cut out everything but the basics as it draws up plans for how it would handle sequestration. See more Thursday, January 10, 2013Government NewsStars and Stripes Panetta to services: 'Prepare for the worst' on budget cutsThe secretary of defense has asked the services to immediately cut spending to offset the impact of possible sequestration in March. See more Wednesday, January 9, 2013Government NewsAOL Defense Why Sequestration May Be The Least Worst CaseA year ago, the automatic budget cuts known as sequestration looked like the nightmare scenario. See more Wednesday, January 9, 2013Government NewsFederal News Radio Congress revises DoD's sequestration starting pointHaving been granted a brief reprieve from automatic budget cuts, Pentagon planners are crunching a new set of numbers. See more Monday, January 7, 2013Government NewsWashington Post Contractors quietly optimistic following sequestration delayWhile the two-month delay in planned federal spending cuts that Congress approved last week provides short-term relief for government contractors, many companies said the move does little more than maintain the uncertainty that has plagued them for months. See more Sunday, January 6, 2013Government NewsThe Hill Defense industry fears sequester delay won't stop Pentagon cutsThe defense industry is worried last week's budget deal on taxes could damage its negotiating position for the next "fiscal cliff" deadline two months from now, when across-the-board spending cuts would take effect. See more Thursday, January 3, 2013Government News, Top StoriesLexington Institute Did The Defense Industry's Campaign Against Sequestration Work?Over the last two weeks, several reporters have asked me why I thought the defense industry's efforts to head off sequestration had not succeeded. See more Thursday, January 3, 2013Government NewsDefense News President Signs Sequestration Delay, Pentagon Policy BillA vacationing President Obama has signed the controversial measure that delays pending cuts to projected Pentagon spending and the 2013 military policy bill, the White House said. See more Wednesday, January 2, 2013Government NewsReuters Budget deal leaves U.S. defense sector in limboPentagon officials and weapons makers on Wednesday expressed relief after Congress approved a two-month delay in huge budget cuts, but warned that a longer-term fiscal solution is urgently needed to lift the uncertainty hanging over the sector. See more Wednesday, January 2, 2013Government NewsAviation Week Congress Approves Bill to Delay SequestrationU.S. lawmakers at the eleventh hour approved a deal that will delay across-the-board budget cuts until March 1. See more Tuesday, January 1, 2013Government News, Top StoriesDefense News 'Fiscal Cliff' Bill Sets March Sequestration DatesAfter Pentagon and industry officials remove the cellophane from their 2013 calendars, they should circle two dates in red: March 1 and March 27. See more |
