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For the Common Defense
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    Projections of state ‘fiscal cliff’ losses are speculative but instructive

    December 11, 2012

    By: Robert Koenig

    St. Louis Beacon

    WASHINGTON – The University of Missouri system could lose $25 million in federal research, student aid and health care funds.

    The state’s big military bases – Fort Leonard Wood and Whiteman AFB – would face cutbacks, and the Missouri operations of defense contractors could [...]

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    Mass. facing greater impact of ‘fiscal cliff’

    December 9, 2012

    From Wire and Staff Reports

    The Gloucester Daily Times

    BOSTON — Citing downsides for consumers, investors and state government and those it serves, House Speaker Robert DeLeo is expressing grave concern about the impact of the approaching federal fiscal cliff on Massachusetts, moreso than on other states.

    During a [...]

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    Defense CEOs say budget deal must address taxes

    December 3, 2012

    By: Andrea Shalal-Esa

    Reuters

    Weapons industry executives on Monday urged the White House and Congress to end what one CEO called “political theater” and act to avoid looming automatic budget reductions that will cut projected military spending by another 10 percent this year.

    Executives from four companies told a news [...]

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    ‘Fiscal cliff’ cuts would hit state hard

    December 1, 2012

    By: Pamela Nonga Ngue and Michelle Murphy

    The San Francisco Chronicle

    WASHINGTON — California stands to lose as much as $4.5 billion in federal funding and more  than 200,000 jobs next year if Congress fails to reach a deficit reduction  agreement by Dec. 31.

    The automatic cuts, part of a [...]

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    POLITICAL EYE: Business leaders fear consequences of ‘fiscal cliff’

    November 26, 2012

    By: Steve Tetreault

    Las Vegas Review-Journal

    Executives from the Las Vegas Chamber of Commerce make their annual trip to Washington, D.C., this week to meet with Nevada lawmakers and federal officials.

    Their message: Do whatever it takes to avoid sequestration, the automatic, across-the-board federal budget cuts that would take effect [...]

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    Is It Time to Play Defense on Defense-Company Stocks?

    November 23, 2012

    By: Brett Arends

    The Wall Street Journal

    Everyone is worrying about possible deep cuts to the defense budget starting in January—everyone, it seems, except investors in defense stocks.

    The Standard & Poor’s 500 Aerospace & Defense Index of leading defense companies rallied this past week, reclaiming half the modest [...]

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    Sequestration or not, firms, DoD will take a hit

    November 18, 2012

    By: Marcus Weisgerber

    Federal Times

    Even if Congress is able to hammer out a debt deal that avoids sequestration in January, the resulting agreement will likely result in billions of dollars in additional cuts to the Defense Department — perhaps as much as $25 billion — likely forcing the military [...]

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    ‘Fiscal cliff’ threatens every Maine taxpayer

    November 17, 2012

    By: Kevin Miller

    Kennebec Journal

    WASHINGTON — It was a last-second deal to avoid default and spur political leaders to action.

    But 13 months later, taxpayers and businesses in Maine and across the country wait as Congress and the White House negotiate about how to avoid going over the dreaded [...]

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    Sequestration could have more than $2.5 billion impact to Alabama’s economy

    November 16, 2012

    By: Leada Gore

    Alabama Live

    A $1 billion cut in military contract spending in Alabama through sequestration could mean a $2.5 billion impact to Alabama’s economy, according to experts, and that’s before the state deals with the trickle-down effect such losses could have on retail, commercial and real estate growth.

    [...]
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    Local impact of potential defense cuts discussed

    November 9, 2012

    By: Nate Delesline III

    The Daily Progress

    RUCKERSVILLE — Although a compromise might be in the works, Virginians should be prepared for and work to minimize the potential economic fallout that will accompany drastic cuts to federal defense spending, a member of Gov. Bob McDonnell’s Cabinet said this week.

    Unfortunately, [...]

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