[updated 3:45 pm with Todd Harrison’s analysis] CAPITOL HILL: Last month’s congressionally mandated OMB report on the impact of sequestration omitted an obscure provision that would slice another $10.1 billion from Defense Department programs in 2013. Because of that the Pentagon would have to cut $60.6 billion instead of $50.5 billion, a 20 percent increase.… Keep reading →

WASHINGTON: Sequestration would force the Defense Department and other federal agencies to lay off workers long before the defense industry had to, said a report released today by the Center for Strategic and Budgetary Assessments. Though big defense contractors, led by Lockheed Martin, have warned that the threat of sequestration might require them to send… Keep reading →

Washington: Those billions of wonderful dollars that live in the Overseas Contingency Operations funds — as war funding is known nowadays — may be the key to a final deal to raise the debt ceiling and save the United States from a default that could have enormous national security implications. Senate Majority Leader Harry Reid’s… Keep reading →