After years of subsidizing the Israeli defense industry, the US is now insisting Tel Aviv spend all the military aid it gets from America on American companies. The Israeli government and hundreds of Israeli companies are scrambling to adjust, with one estimate predicting 20,000 layoffs.

CAPITOL HILL: Sequestration, Continuing Resolution, and snow be damned; the House Armed Services Committee met this morning to wrestle with long-term strategy. In a hearing not only overshadowed but outright interrupted by the House’s desperate effort to band-aid the budget crisis, top HASC leaders from both parties argued for expanding the military’s authorities to work… Keep reading →