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Swing states, tax code and the fiscal cliff
On this week's Bloomberg Government Capital Impact show, analysts will examine the challenges facing the swing state of Virginia. Plus, what does Arizona Senator John McCain think about the U.S. tax code and other financial issues.
October 11, 2012
Tags: acquisition , contracting , Romney presidential campaign , Obama presidential campaign , swing states , Virginia , fiscal cliff , tax code , Nela Richardson , Melissa Avstreih , Allen Scott , Peter Cook , IBM Business Government , Capital Impact
McCain opens door to revenue increases to avoid sequestration
The top Republican on the Armed Services committee signaled Thursday that there's room for compromise toward a deal to avoid automatic budget cuts at the end of this year. But not everyone's sure the negative effects of sequestration can be avoided, or even that Congress would reach a deal.
Tags: Senate Armed Services Committee , Carl Levin , Congress , budget , management , DoD , sequestration , Jared Serbu
Senators sound defense budget alarm in North Vegas
A trio of Republican senators sounded the alarm over billions of dollars' worth of "catastrophic" and "draconian" military budget cuts set to take effect in January, telling an audience Monday that more time was needed for negotiations.
Tags: Lindsey Graham , Kelly Ayotte , Senate , sequestration , defense budget , Harry Reid , budget , DoD
Senators ask DoD to consider debarment for P&WC
Sens. Carl Levin (D-Mich.) and John McCain (R-Ariz.) sent a letter to the Defense Secretary Panetta and Secretary of State Clinton asking them to consider further actions against contractor Pratt & Whitney Canada. P&WC pleaded guilty in June to illegally exporting military software to China.
Tags: Pratt & Whitney , United Technologies , Carl Levin , Leon Panetta , Hillary Rodham Clinton , DoD , State Department , Congress , China , Michael OConnell
Obama signs law requiring report on spending cuts
Tags: Stephen Fuller , Aerospace Industries Association , sequestration , DoD , Congress , House Armed Services Committe , Budget Control Act , budget , Congressional Research Service , Marion Blakey , Jeffrey Zients , Ashton Carter
Senate fails to approve cybersecurity legislation
The Senate failed Thursday to pass legislation to protect the U.S. electrical grid, water supplies and other critical industries from cyberattack and electronic espionage, despite dire warnings from top national security officials about the potential for devastating assaults on American computer networks.
Tags: cybersecurity , President Barack Obama , Senate , Congress , technology , Harry Reid , Cybersecurity Update
Bill demanding details on sequestration heads to President's desk
Legislation forcing the White House to explain how the across-the-board budget cuts known as sequestration will affect individual agencies is now waiting for President Barack Obama's signature. The Senate unanimously approved the Sequestration Transparency Act of 2012 Wednesday, which requires the administration to detail within 30 days how the $1.2 trillion over 10 years in automatic cuts will be applied. The House passed its version of the bill last week in a 414-2 vote.
Tags: Congress , House , Senate , budget , OMB , sequestration , Paul Ryan , Patty Murray , Sequestration Transparency Act , Jack Moore
House chairman: Leaks not likely from Pentagon
The House Armed Services Committee chairman, speaking after a secret briefing from top defense officials on Thursday, said he did not believe the Pentagon was responsible for recent national security leaks.
Tags: DoD , Buck McKeon , House , Congress , House Armed Services Committee , Eric Holder , leaks , national security , Leon Panetta
Senators quiz defense companies on sequestration
Letter, sent to 15 large vendors, asks for estimated impacts of sequestration on defense contractors.
Tags: DoD , Congress , budget , sequestration , defense industrial base , Kelly Ayotte , Joe Lieberman , Saxby Chambliss , John Cornyn , James Inhofe , Lindsey Graham , Lockheed Marting , Aerospace Industries Association , Jared Serbu
Cyber bill tracker
The pressing need for cybersecurity legislation has led to widely divergent paths in the House and Senate. The House has opted for a more incremental approach, while the Senate has crafted comprehensive legislation
Tags: cybersecurity , Harry Reid , Darrell Issa , Mike Rogers , Dan Lungren , NSA , DHS , House Homeland Security Intelligence Committee , Joseph Lieberman , Dianne Feinstein , Jay Rockefeller , Susan Collins , Michael McCaul , NSF , Elijah Cummings , Congress , House , Senate
