CAPITOL HILL [updated 12:40 with Feinstein, Inouye remarks and results of amendment vote]: Sequestration drama roiled an otherwise pro forma mark-up of the Senate’s defense appropriations bill this morning, with a precious flicker of bipartisanship over the need to avert the sequester soon overtaken by disagreement over the legalities of layoff notices. If the automatic… Keep reading →

WASHINGTON [updated 6:45 pm with Rep. Smith and AIA comment]: The Labor Department issued guidance today stating that defense companies and other federal contractors do not need to issue layoff notices sixty days in advance of sequestration. House Armed Services Chairman Buck McKeon immediately denounced the guidance as “politically motivated,” and his staff called it… Keep reading →

Labor Dept saying WARN act does NOT require layoff notices re sequester: http://bit.ly/Q6urjz. Story soon @ http://aol.it/NkxTqu SydneyFreedberg

WASHINGTON: When Bob Stevens, CEO of Lockheed Martin, delivered his now annual speech before the Farnborough or Paris air show, he didn’t talk much about international sales or the Joint Strike Fighter or the military threats America faces. Instead, Stevens talked mostly about the mandatory budget cuts known as sequestration and the “fog of uncertainty”… Keep reading →