Political Capital

Nick Taborek

Repairs are made to the USS Bulkeley as it is docked at the Norfolk Naval Shipyard in Virginia, on Feb. 28, 2013.

Photograph by Joshua Roberts/Bloomberg

Repairs are made to the USS Bulkeley as it is docked at the Norfolk Naval Shipyard in Virginia, on Feb. 28, 2013.

Military Credit Union Offers Sequester Relief

Sequestration is throwing children out of the Head Start program, eliminating meals for seniors and forcing government workers to take unpaid leave. While those effects continue, there’s some relief in sight for a less-discussed, sequester-sparked ill: those annoying overdraft fees....

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A protester during a demonstration by federal employees outside the Department of Labor, with the Capitol in the background, in Washington, D.C., on March 20, 2013.

Photograph by Andrew Harrer/Bloomberg

A protester during a demonstration by federal employees outside the Department of Labor, with the Capitol in the background, in Washington, D.C., on March 20, 2013.

Union to Pentagon: Stop Throwing Us Crumbs

The head of a union representing government workers is upset that the Pentagon is planning to furlough employees for 14 days while continuing to spend hundreds of billions of dollars on contracts with private firms. The unpaid leave for the...

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Hurricane Irene is seen from space from the International Space Station, as it churns off the east coast of the United States in the Atlantic Ocean, in this file photo.

Photograph by NASA via Getty Images

Hurricane Irene is seen from space from the International Space Station, as it churns off the east coast of the United States in the Atlantic Ocean, in this file photo.

Weather Report? Sequestered

Count your weather forecasts among the possible victims of automatic federal budget cuts set to begin this week. The cuts would hit two troubled government satellite programs and potentially exacerbate a coverage gap that’s already expected to leave forecasters with...

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Demonstrators protest proposed cuts to social security, medicare and medicaid in Boston.

Photograph by John Tlumacki/The Boston Globe via Getty Images

Demonstrators protest proposed cuts to social security, medicare and medicaid in Boston.

Sequestration Frustration Peaks Among Contract Managers

In the federal contracting world it’s “frustration all around” as the government careens toward yet another deadline for automatic cuts known as sequestration, according to the head of the National Contract Management Association. “Some things have been resolved, but nothing...

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A Northrop Grumman Corp. KC-45 air tanker refuels a plane in mid-air.

Source: Northrop Grumman Corp. via Bloomberg

A Northrop Grumman Corp. KC-45 air tanker refuels a plane in mid-air.

Defense Industry Gets Reprieve

Shares of top defense contractors rose after U.S. lawmakers reached a last-minute deal to avert automatic spending cuts known as sequestration. Investors’ optimism may be short-lived. The agreement would raise tax rates for the highest earners and extend unemployment benefits....

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US M1A1 Abrams tanks are loaded onto a train during the Army Preposition Stocks operation drill at Camp Carroll in Chilgok, southeast of Seoul.

Photograph by Kim Jae-Hwan/AFP/Getty Images

US M1A1 Abrams tanks are loaded onto a train during the Army Preposition Stocks operation drill at Camp Carroll in Chilgok, southeast of Seoul.

Defense Investors Stay Calm Heading for Cliff

Defense companies would be hit hardest by automatic government spending cuts set to take effect at midnight, but investors aren’t panicking yet. Shares of the 10 biggest Pentagon contractors rose 1.2 percent today as Democrats and Republicans remained at odds over...

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A Yellow Pages Caucus was formed in Feb. 2012 to try to open up bidding for services performed by the government that can be done by private contractors.

Photograph by Alex Wong/Getty Images

A Yellow Pages Caucus was formed in Feb. 2012 to try to open up bidding for services performed by the government that can be done by private contractors.

Contractor Pay Cap Reduction Killed

U.S. lawmakers may be looking to reduce the nation’s deficit, but they won’t be taking pay away from employees who work for the government’s army of contractors. Congress has decided to keep reimbursing federal contractors as much as $763,000 annually...

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Senate Budget Committee chairman Kent Conrad holds a news conference to preview the Budget Committee's budget resolution markup.

Photograph by Bill Clark/CQ Roll Call/Getty Images

Senate Budget Committee chairman Kent Conrad holds a news conference to preview the Budget Committee's budget resolution markup.

Split Government Will Avoid Sequestration, Tech Group Says

Don’t expect $1 trillion in automatic spending cuts known as sequestration to kick in next year, says the TechAmerica Foundation in its annual forecast. Do expect a bipartisan agreement to reduce discretionary budgets by about half that amount, the group says. The Washington-based...

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