From Bloomberg Government’s Congress Tracker blog Arizona Republican John McCain is attempting to torpedo a sequester proposal by his successor as the ranking member of the Senate Armed Services Committee. McCain said in an interview that he is working with...
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Photograph by J. Scott Applewhite/AP Photo
Senate Armed Services Committee members, from left, Sen. John McCain, Sen. Kelly Ayotte, Sen. Deb Fischer, and Sen. Lindsey Graham gather on Capitol Hill in Washington, Feb. 12, 2013, prior to the committee's hearing on the looming cuts to the defense budget that could be part of the sequestration.
It’s McCain Versus Inhofe Over Budget Cuts
Photograph by Derick E. Hingle/Bloomberg
The USS Arlington, front, and USS San Diego, rear, both U.S. Navy amphibious transport dock ships, sit at the dock at Ingalls Shipbuilding yard, a division of Huntington Ingalls Industries Inc.
Washington Daybook: Sequestration Countdown
President Barack Obama will tell workers at a Huntington Ingalls shipbuilding facility in Newport News, Virginia, today that their jobs may depend on his ability to work out a compromise with Republicans in Congress over sequestration. Huntington CEO Michael Petters speaks on Bloomberg...
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Photograph by Matt Nager/Bloomberg
Law enforcement capture marijuana being smuggled into the United States from Mexico in Tucson, Arizona, in this file photo.
White House Budget-Cutting Lesson: Try Cutting 8.2 Percent from Zero
This is the art, in Washington, of cutting an agency that doesn’t exist: In all the warnings of the consequences of looming budget cuts, the White House budget office has noted one program targeted for cuts — an office that...
Read more »Bloomberg by the Numbers: 54
That’s the percentage of Americans who want to delay automatic spending cuts set to take effect beginning this week, according to a Bloomberg National Poll. That majority said Congress should “delay steep cuts to give the economy a chance to...
Read more »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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President Barack Obama urged the Congress to take action to avoid sequester cuts with a short term budget fix today.
Obama Seeks Short-Term Cuts, Taxes
President Barack Obama called on Congress today to approve another round of short-term budget cuts and also changes in the tax code to eliminate some “loopholes” and avert the next deadline for automatic spending cuts. “If we’re serious about paying...
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Mike Petters, president and CEO of Huntington Ingalls Industries Inc.
Huntington CEO Doesn’t See Need for You-May-Be-Fired Notices
The chief executive officer of Huntington Ingalls Industries Inc. says he doesn’t think it would serve the company’s purposes to issue mass-dismissal warnings to workers even if U.S. spending cuts occur later this year. “We are much more of a long-term business,” said...
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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...
Read more »Agencies Help Vets; Don’t Ask How
With $1.2 trillion in automatic U.S. budget cuts looming, some federal agencies have gotten tight-lipped. Spokesmen for two federal agencies declined to discuss what their offices do and who they help once learning a Bloomberg News story would address the...
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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...
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