Pentagon to Accounts Payable: Slow Down
With just a week to go before the scheduled start of automatic budget cuts, the Pentagon is worried about not having enough cash. What’s the biggest federal agency to do? Tell the folks in accounts payable to slow down. The...
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Photograph by Bill Clark/CQ Roll Call/Getty Images
Del. Eleanor Holmes Norton during the news conference in this file photo.
Norton to Army: Move Family From Dump
A family that wants to leave the tony Washington, D.C., neighborhood of Spring Valley because of concerns over the area being a former dumping ground for military munitions is getting some help from Delegate Eleanor Holmes Norton. The District of...
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Photograph by Bill Ingalls/NASA via Getty image
Space Shuttle Atlantis rolls down Kennedy Parkway on its way to its new home at the Kennedy Space Center Visitor Complex in Florida.
NASA to Shed Old Shuttle Sites
With its shuttle fleet retired and on display at museums around the country, the National Aeronautics and Space Administration is looking to shed its shuttle facilities and equipment. NASA is in talks with a handful of space companies and partnerships...
Read more »Pentagon Readies Furloughs
Senator Lindsey Graham created a stir when he quoted Defense Secretary Leon Panetta as telling him he’d have to send 800,000 “layoff notices” that would amount to “shooting the Defense Department in the head.” Panetta “is worried to death that...
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Photograph by Alexander Zemlianichenko/AP Photo
Russia's Rosoboronexport state arms trader has a contract to supply weapons to Syria, despite international calls to halt arms deliveries to Syrian President Bashar Assad's regime.
Russian Firm Gets Symbolic Ban
U.S. lawmakers last week voted to prohibit Defense Department contracts with a Russian company that supplies weapons to Syria. The lawmakers’ intent was clear: No funds “may be used to enter into a contract” with Rosoboronexport, Russia’s state-run arms dealer,...
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Photograph by Chris Thompson/SpaceX via Bloomberg
Space Exploration Technologies Corp.'s (SpaceX) Falcon 9 rocket takes off in Cape Canaveral, Florida on May 18, 2012.
Musk’s Toe in Launch Market Draws Lockheed Jab
The CEOs of Lockheed Martin Corp. and Space Exploration Technologies Corp. are trading jabs over the upstart competitor’s push into the $70 billion military launch market. A Lockheed-Boeing Co. joint venture has had a lock on the work for six...
Read more »Budget Deadlock Becomes the Grinch Stealing Christmas
The budget stalemate in Washington is turning into a Grinch for workers from K Street to Wall Street. The White House and lawmakers this week warned their staffs that they might be spending the holidays in town, as both sides...
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Photograph by Ramin Talaie/Bloomberg
Elon Musk, chief executive officer of Space Exploration Technologies Corp. (SpaceX) and Tesla Motors Inc.
SpaceX President Sees No Immediate Budget Resolution
The president of Space Exploration Technologies Corp., known as SpaceX and headed by billionaire Elon Musk, said next year will be “huge” for the company despite the threat of the so-called fiscal cliff. Gwynne Shotwell said she doesn’t see a...
Read more »Fiscal Cliff Debate Is Running Out of Metaphors as Well as Time
Automatic defense cuts scheduled for January have been called everything from a “self-inflicted wound” to a “Satan sandwich.” Now, Marion Blakey, the head of the defense industry group leading the fight against the reductions, says, “Not only are we running...
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Photograph by Andrew Harrer/Bloomberg
Marine One, with U.S. President Barack Obama on board, passes the Washington Monument in Washington.
`Marine One’ Contractors Bid Anew
Let’s try this again: The U.S. Navy last week announced plans for a competition to develop and build a new fleet of presidential helicopters. The draft notice came three years after the service canceled a contract with Lockheed Martin Corp. for...
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