Kratos Defense & Security Solutions Inc. is in no post-Christmas rush to find deals. With Washington’s budget impasse threatening $500 billion in additional defense cuts over a decade, San Diego-based Kratos and other military contractors are hunkering down and stockpiling cash. Kratos has put...
Read more »Contractors Skip Shopping Spree
Photographer: Mark Wilson/Getty Images
U.S. Speaker of the House Rep. John Boehner makes a statement to the media at the U.S. Capitol.
Boehner’s Wardrobe Predicts Fiscal Cliff Progress
For anyone interested in how the fiscal cliff talks are going to unfold on a given day, here’s some free advice: Stake-out Speaker John Boehner’s Capitol Hill apartment right around dawn. First, bring a coat, and introduce yourself to his...
Read more »Hiring on Hold as Businesses Watch Talks in Washington
U.S. business activity is showing continued strength ahead of the threat of the so-called fiscal cliff, but uncertainty over the outcome of Washington’s budget talks may be keeping companies from adding to their payrolls. The MNI Chicago Report’s business barometer...
Read more »Underwater Homeowners Will Work for Less Pay
Written with Shamim Adam People who are underwater on their home mortgages probably will accept “significantly” lower wages than other homeowners, according to a study published this month by the Federal Reserve Bank of Atlanta. The recent U.S. housing bust left many homeowners...
Read more »We Won, Now Please Give to 2014 Campaign
Thought you’d get a break from political fundraising requests after Nov. 6? Think again. Though the next federal elections are 23 months away and newly elected House members haven’t even taken office yet, the freshmen are already raising money for...
Read more »Bloomberg by the Numbers: 28 Mln
That’s how many more American households will have to pay the alternative minimum tax if the president and Congress can’t reach a deal. The AMT, a parallel tax structure originally designed to prevent high-income households from legally escaping the income...
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