ARLINGTON: The “disheartened” chairman of the House Armed Services Committee predicted this morning that Congress will once again miss its October 1st deadline to pass a federal budget, leaving the government on a stopgap Continuing Resolution “until at least December.”  [UPDATE: Late Wednesday, President Trump blindsided GOP leaders by agreeing with Democrats on a CR through… Keep reading →

WASHINGTON: While the House has voted to extend the debt limit to May, the automatic federal spending cuts called sequestration still loom $90 billion large, half that bill for the Pentagon alone. Yet, as fourth quarter earnings calls begin, the defense industry and its stock values remain remarkably resilient. What gives? Or rather, what isn’t… Keep reading →

[Updated] WILLIAMSBURG, VIRGINIA: Happy New Year, America. To start 2013 off wrong, we have a deal to fix the “fiscal cliff” that actually only solves a third of it. This is where four decades of Congressional reform have gotten us. The corrupt old boys’ club of the past would have done better. Where exactly do… Keep reading →