William Faulkner wrote, “The past is never dead. It’s not even past.” The line certainly applies to the work of former Sen. Alan Simpson (R-Wyo.) and former Clinton White House chief of staff Erskine Bowles who co-authored the infamous 2010 deficit reduction plan that now seems to be enjoying a...
Pentagon doesn’t expect contract termination fees as result of budget cuts Despite all of the controversy surrounding the across-the-board budget cuts that could devastate the U.S. military, Undersecretary of Defense Robert Hale downplayed what some in the industry predict could result in billions of dollars in contract termination fees. Read...
Oshkosh Corporation -Navy Contract- awarded $67,540,517 for the purchase of 207 Medium Tactical Vehicle Replacement production cargo vehicles, Nonrecurring Engineering, and Federal Retail Excise Tax for 299 cargo vehicles. -Army Contract- awarded a $7,238,976 for the revision of the Heavy Expanded Mobility Tactical Truck A4. Also awarded a $7,195,464 for...
FED MINUTES SHED LIGHT ON QE3 DECISION-MAKING. Minutes from the Federal Reserve’s latest policy-setting meeting, released Thursday, shed light on the range of factors the bank weighed before launching an aggressive, open-ended round of bond-buying last month. Although concerns ranging from the potential difficulty the Fed could face when it...
A month ago, after what was considered a strong Democratic convention and a lackluster one for Republicans, the Romney campaign eagerly looked to the monthly jobs report to change the subject. Now the dynamic is reversed: After what was considered Romney's strong debate performance and Obama's subpar one, Democrats were...
DOD, DHS and VA could dramatically cut contracting costs by leveraging their broad buying power through "strategic sourcing," according to a new GAO report requested by the Senate’s and House’s respective committees on government affairs and government reform. Instead of leveraging buying power to their advantage, the GAO said, the...
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