Written with Richard Rubin Just as the U.S. gross domestic product is taking a hit from lower defense budgets, federal spending cuts viewed as unthinkable a few months ago — $1.2 trillion falling heavily on the Pentagon — are seen...
Read more »
Photograph by Munir uz Zaman/AFP via Getty Images
U.S. Army soldiers attached to 2nd platoon, C troop, 1st Squadron (Airborne), 91st U.S Cavalry Regiment, 173rd Airborne Brigade Combat Team operating under NATO sponsored International Security Assistance Force (ISAF) looks through his rifle as a Medevac helicopter takes off during a patrol near Baraki Barak base in Logar Province on Oct. 13, 2012. T
Defense Cuts: Unavoidable, Despite GDP Contraction Pinned on Defense?
Photograph by Aaron M. Sprecher/Bloomberg
A U.S. military transportation vehicle at the Port of Beaumont upon return from deployment overseas.
Defense Cuts, More Around the Cliff — Add That, `Budgeteers’
Don’t forget about the other sequester. While all eyes are on the so-called fiscal cliff, a second round of automatic spending cuts, one that will carve $11 billion out of the Pentagon’s budget, is set to kick in shortly after...
Read more »
Photograph by Oshkosh via Bloomberg News
An Oshkosh Corp. M-ATV vehicle.
Oshkosh Unfazed by Defense Cuts — Icahn’s Bid is Another Story
Alarm bells aren’t ringing at Oshkosh Corp. over automatic spending cuts set to begin early next year, the head of the company’s defense unit says “We’re not overconfident, but we’re not panicking either,” John M. Urias, president of Oshkosh Defense,...
Read more »
Photograph by Sebastiano Tomada/Sipa USA via AP Images
A U.S. Army gunner in the turret of an armoured vehicle scans the surrounding grounds during a mounted patrol in the village of Sanjeray in Kunar's Pech Rive Valley.
U.S. Defense Cuts = `Dire Straits,’ Obama Campaign Adviser Says
The United States would be in “very dire straits” and forced to redraw its national security strategy, if the Pentagon’s budget is cut by $500 billion over the next decade, according to Michele Flournoy, an Obama campaign adviser. President Barack...
Read more »
Photograph by AFP/Getty Images
The Pentagon building in Arlington, Va.
Bloomberg by the Numbers: 14 pct
That’s the share of Virginia’s gross domestic product that stems from defense spending, according to a Bloomberg Government study. Virginia is the state most dependent on military spending, followed by Hawaii and Alaska, the November report found. Policymakers in Virginia...
Read more »
Photograph by Adek Berry/AFP/Getty Images
U.S. Marine Sgt. Jordan Hintz from Baker Company of the 1st battalion 7th Marines Regiment looks through his scope while on patrol in Sangin on June 10, 2012.
Obama, Romney: `American Century’
Updated at 4:15 pm EDT It’s a sign of the “political season,” President Barack Obama said today, that anyone is talking about cutting defense spending at year’s end. “Let’s stop playing politics with our military,” Obama said in an address...
Read more »
Contributors
-
Al Hunt
is a columnist for Bloomberg View and host of the weekly show "Political Capital with Al Hunt" on Bloomberg TV. -
Mark Silva
is deputy managing editor for government news in Washington and editor of Political Capital. He has covered the White House and national politics. -
Emma Fidel
is political editor for Bloomberg.com in Washington. She previously covered financial regulation as a Bloomberg intern. -
Don Frederick
edits political and government coverage for Bloomberg News. He previously worked for more than a decade at the Los Angeles Times' Washington bureau. -
Gregory Giroux
analyzes elections, financing of congressional and presidential elections, political advertising and demographics in Bloomberg's Washington Bureau. -
Julie Bykowicz
covers the influence of money and lobbying in Washington, and covered the state legislature and city crime for the Baltimore Sun for 10 years. -
Jonathan Salant
covers campaign finance and lobbying in Washington. He was president of the National Press Club and started in Washington in 1987. -
Richard Rubin
covers federal tax policy. He worked at Congressional Quarterly and The Charlotte Observer before joining Bloomberg News in 2010. -
Stephanie Green
is a writer and photographer for Bloomberg Muse, the arts and leisure section of Bloomberg News. She has also written for The Washington Post, The Huffington Post and The Washington Times. -
Julie Hirschfeld Davis
is a senior political reporter for the Washington Bureau. She covered the 2012 campaign for Bloomberg News and previously covered the White House for the Baltimore Sun. -
Lisa Lerer
covers the White House and covered the 2012 campaign for Bloomberg News. She covered Congress, lobbying and the 2008 campaign for Politico. -
John McCormick
is a national political reporter looking forward to the 2016 presidential campaign, which will be the fifth he's covered. He's also reported for The Des Moines Register and Chicago Tribune. -
Julianna Goldman
covers the White House for Bloomberg News and Bloomberg Television. -
Hans Nichols
covers the White House for Bloomberg News and Bloomberg Television. -
Margaret Talev
covers the White House for Bloomberg News and covered the White House for McClatchy Newspapers. She has covered California and Florida politics. -
Cary O'Reilly
is Editor at Large at Bloomberg First Word and is Washington Daybook columnist for Bloomberg Government and Bloomberg News.
