[UPDATED 3:30 pm on 1/8/2013 with revised CSBA estimates] WASHINGTON: The battle of the fiscal cliff is over, but the war to stop sequestration rages on – and President Obama’s decision that his new Secretary of Defense should be former Sen. Chuck Hagel, the Republican other Republicans love to hate, makes it even harder to… 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 →

As our 2013 forecast series continues, American Enterprise Institute scholar and frequent Breaking Defense contributor MacKenzie Eaglen takes a grim look at the strategic consequences of the fiscal cliff. (Click here for the full series of forecasts so far). The nation is heading over the fiscal cliff, an economic triple threat — tax hikes, spending… Keep reading →

No federal civilian furloughs — for a while — even if sequester hits, SecDef Panetta says: http://1.usa.gov/U0Wtfw SydneyFreedberg

Rising Republican star Sen. Kelly Ayotte said her “libertarian” and “isolationist” Senate colleagues who would cut defense spending to help solve the budget deficit have abandoned the principles of conservative icon Ronald Reagan. Speaking at the conservative American Enterprise Institute late Wednesday afternoon, the junior Senator from New Hampshire said that “with the issues that… Keep reading →

WASHINGTON: “We’re long past the point of doing more with less,” said the blunt-spoken Under Secretary of the Navy, Robert Work. “We are going to be doing less with less in the future.” But with a continuing resolution, sequestration in three weeks, and to-be-determined defense cuts a likely part of any “grand bargain” to avert… Keep reading →

WASHINGTON: While anxiety over sequestration dominated yesterday’s annual meeting dominated of the Aerospace Industries Association, its member companies actually did pretty well in 2012. Civil aircraft sales, up 14 percent since 2011, and arms exports, up 12 percent, grew faster than Pentagon spending declined, which was just 3.4 percent. Overall, aerospace and defense profits are… Keep reading →

WASHINGTON: Sequestration, sequestration, sequestration — that was the one note the Aerospace Industries Association struck over and over at its biggest annual public event. Flanked by AIA’s now-iconic clock counting down 27 days before the sequester destroys “two million jobs” (a disputed figure), President Marion Blakey declared: “I’m an optimist and we have to prevail.”… Keep reading →

[updated Wednesday 12/5] WASHINGTON: Top executives from four major defense and aerospace firms sent a message to Congress and the Obama administration today: the nation expects its elected leaders to lead and the well-paid executives are willing to accept higher personal and corporate taxes on the path to find a solution to the nation’s fiscal… Keep reading →

WASHINGTON: “I am fully expecting to see sequestration in some form beginning in January,” Rep. Randy Forbes told Breaking Defense in an exclusive interview. And those automatic cuts — or even the more targeted cuts likely in any deal to avoid a sequester — would undermine the nation’s new Pacific-focused strategy and the military’s AirSea… Keep reading →