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You search news by tag “us economic”
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22 August, 2011 | 23:14
Oshkosh Proof That Pentagon Can Make, Or Break, A Company
Last week, White House budget director Jacob Lew issued spending guidance to federal departments and agencies that could be bad news for military contractors. Each organization was directed to submit budget requests for the fiscal year beginning October 1, 2012 that are five percent and ten percent below their appropriations for the current year. Unless the Department of Defense is exempted from the guidance — several agencies are — its funding for fiscal 2013 could fall $70-90 billion below planned levels....
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