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Search Tags: Congress
Idle aircraft and pricey ship deployments underscore the contradictions and conflicts as Congress orders the Pentagon to slash $487 billion in spending over the next 10 years and another $41 billion in the next six months.
If Congress doesn't pass comprehensive postal reform legislation soon, it could find itself forced to bail out the financially troubled U.S. Postal Service to the tune of billions of dollars, said Postmaster General Pat Donahoe. The postmaster general said in a speech at the National Press Club he's optimistic Congress will pass postal reform legislation this year.
Advocacy organizations are criticizing the Pentagon's proposed fee increase for TRICARE as unfair and discriminatory.
On this week's Capital Impact show, Bloomberg Government analysts discuss President Obama's 2014 budget proposal, and patent litigation settlements involving pharmaceutical companies.
April 18, 2013
Tags: acquisition , contracting , 2014 budget , President Barack Obama , deficit reduction , Loren Duggan , Cameron Leuthy , Federal Trade Commission , patent litigation , pay for delay , Brian Rye , Allen Scott , Bloomberg Government , Capital Impact
Postmaster General Pat Donahoe told the House Oversight and Government Reform Committee Wednesday that the Postal Service is operating under a "broken business model." But cost-saving efforts, such as ending Saturday delivery and modifying a multibillion dollar requirement to prefund future retirees health care costs, garnered little agreement among lawmakers.
Defense agencies and services are pulling back hundreds of millions of dollars worth of grants and contracts. Impending furloughs will further impair DoD's ability to get money out the door.