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For the Common Defense
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    Region’s firms may avoid worst of cuts

    January 13, 2013

    By: Richard Burnett

    The Orlando Sentinel

    Despite Congress’ last-minute postponement of historic cuts in military spending back on New Year’s Day, Central Florida’s defense industry still has thousands of jobs and hundreds of millions of dollars at stake as the federal government’s deficit-reduction debate continues into 2013.

    In a worst-case [...]

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    Federal Defense Cuts Could Hit North Texas Hard

    January 2, 2013

    By: Ken Kalthoff

    NBC 5 Dallas – Fort Worth

    Deep U.S. defense budget cuts could hit North Texas hard according to local officials and businesses that depend on the federal money.

    Tarrant County alone received around $11 billion in defense contractor spending in 2011 according to [...]

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    Local businesses hanging on ‘cliff’ talks

    January 2, 2013

    By: Staff Writer

    The Gloucester Times

    WASHINGTON — Legislation to negate the so-called “fiscal cliff” of across-the-board tax increases and sweeping spending cuts to the Pentagon and other government agencies headed to the GOP-dominated House Tuesday after bipartisan, middle-of-the-night approval in the Senate capped a New Year’s Eve drama unlike [...]

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    Panetta praises Congress for delaying military spending cuts

    January 2, 2013

    Pacific Business News

    U.S. Secretary of Defense Leon Panetta praised Congress in a statement Wednesday for its actions to avoid the fiscal cliff and delay any cuts in military spending and other areas.

    Congress approved a deal Tuesday night to avoid the fiscal cliff and delay the cuts, also known as [...]

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    Defense contractors mum as nation nears ‘fiscal cliff’ [Fort Worth Star-Telegram]

    December 29, 2012

    Bloomberg Businessweek

    North Texas defense contractors have hit the mute button in the final hours as Congress tries to hatch a deal to avoid the “fiscal cliff” and huge automatic spending cuts starting Jan. 1.

    While corporate leaders have spoken out against the cuts and warned of major layoffs, the [...]

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    Defense Secretary Leon Panetta releases memo on impact of fiscal cliff

    December 21, 2012

    By: Pacific Business News

    U.S. Secretary of Defense Leon Panetta has released a memo that describes the effects of massive budget cuts in military spending if Congress and President Barack Obama can’t reach a deal to avert the fiscal cliff.

    “If it occurs, sequestration will reduce our budgetary resources for [...]

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    ‘Fiscal cliff’ and Michigan government suppliers

    December 19, 2012

    By: Peter Ross

    WZZM 13

    GRAND RAPIDS (WZZM) — The prospect of Congress’ failure to soon agree on spending and revenues could trigger an immediate cut to defense spending of $50 billion or more.

    That’s what’s known as sequestration.   The cuts would likely have no impact on existing contracts suppliers [...]

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    Military spending means more than $4 billion to Louisville area

    December 17, 2012

    By: Kevin Eigelbach

    Business First

    Most of Business First’s coverage about the “fiscal cliff” of tax increases and budget cuts set to go into effect next year has focused on the tax increase side — for example, the expected increase in the capital gains tax.

    But the Budget Control Act [...]

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    ‘Cliff’ event would likely put state in recession

    December 17, 2012

    By: Brian Joseph

    The Orange County Register

    Battered by budget deficits and a deep recession, analysts predict California can look forward to a new year of fiscal stability and economic recovery.

    Unless, that is, we tumble over the “fiscal cliff.” Then we’re in for more of the same.

    Despite voter [...]

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    Defense cuts bode ill for Nevada

    December 17, 2012
    By: Keith Rogers LAS VEGAS REVIEW-JOURNAL Another study spells economic doom for Nevada if automatic defense cuts take hold to reduce the nation’s debt, and the Pentagon continues its drawdown on military spending and funding.

    This most recent analysis, by the Southwest Defense Alliance, shows 17,000 jobs would be lost [...]

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