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Warnings of massive job layoffs and another recession were all the talk when sequestration began in March. But so far the impact of government cutbacks seems a lot less than was predicted.
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Warnings of massive job layoffs and another recession were all the talk when sequestration began in March. But so far the impact of government cutbacks seems a lot less than was predicted.
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HOUSTON-- Homeland Security Secretary Janet Napolitano says a new congressional budget should ease the need to furlough or cut overtime hours for border agents.
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TOKYO, April 4- Asian stocks eased on Thursday after weak data stoked concerns the key American jobs report due later in the week will signal slowing U.S. growth, while the yen remained firm ahead of the Bank of Japan's policy decision this session.
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*Pentagon must address factors driving rapid cost growth. Hagel, in his first major policy speech as Pentagon chief, told students at the National Defense University that the United States could not allow its current budget crisis to force it to retreat from the world.
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*Missile defense system to be deployed in Guam- Pentagon. PAJU, South Korea, April 3- North Korea closed access to a joint factory zone with South Korea on Wednesday, officials said, putting at risk $2 billion a year in trade that is vital for an impoverished state with a huge army, nuclear ambitions and a hungry population.
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The U.S. Defense Secretary Chuck Hagel acknowledged he's concerned the crisis in Korea could escalate, with CNBC's Eamon Javers; and how this news is impacting stocks, with Brian Jacobsen, Wells Fargo Advantage Funds and Tom McClellan, The McClellan Market Report.
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WASHINGTON, April 3- The Pentagon said on Wednesday it was sending an advanced ballistic missile defense system to Guam in the coming weeks, as U.S.
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WASHINGTON, April 3- The Pentagon said on Wednesday it was sending an advanced ballistic missile defense system to Guam in the coming weeks, describing the move as a precaution against North Korea's regional ballistic missile threat.
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The U.S. military is sending missile defense technology to Guam, specifically THAAD, or Terminal High Altitude Area Defense, reports CNBC's Eamon Javers.
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Defense Secretary Hagel says North Korea's rhetoric presents a "real and clear" danger from the country. CNBC's Eamon Javers reports the U.S. is sending missile defense to Guam. CNBC's Bob Pisani, weighs in.
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LONDON, April 3- Helicopter jet turbines that once flew for the U.S. military are on a final, earthbound mission- pumping gas on home soil as part of an assault on costs in the shale drilling industry.
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HONOLULU-- A defense contractor accused of giving military secrets to his Chinese girlfriend will be allowed to stay at a halfway house while he awaits trial, a judge ruled Monday. Conditions can be imposed on Benjamin Bishop's release that would address concerns about him being a flight risk and posing a danger to the community, U.S.
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WASHINGTON-- The Homeland Security Department says it's re-evaluating plans to furlough border agents and cut overtime because of the automatic federal government spending cuts. U.S. Customs and Border Protection said Monday the agency will postpone previously announced plans to furlough border patrol agents and officers for at least 14 days.
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*Naval planner says suitable system to cost $700 million. ASHDOD, Israel, April 1- Israel's huge new offshore gas resource offers its enemies an obvious target and gives its navy, long overshadowed by other branches of the Israeli armed forces, a big job that will require extra spending.
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*Stockman, former chief for Reagan, says deficit requires harsh action. NEW YORK, April 1- Two former U.S. budget chiefs who worked for presidents from opposing political parties said on Monday that the government should reduce military spending, scale back Social Security payments and end decade-old income tax cuts to reduce the federal deficit.
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Discussing just how concerned the world should be with the aggressive tenor coming out of North Korea, and whether the U.S. is doing enough to combat hackers, with Leon Panetta, Secretary of Defense.
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BILOXI, Miss.-- Gulf Coast Produce Distributors Inc. has a contract to provide up to $30 million worth of fresh fruit and vegetables to military customers and the U.S. Department of Agriculture School in Mississippi.
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WASHINGTON, March 28- Most of the Pentagon's nearly 800,000 civilian employees will be put on unpaid leave for 14 days this year, a reduction from the 22 days initially planned, after a new funding bill eased the strain on the Defense Department's budget, Defense Secretary Chuck Hagel said on Monday.
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*His 850 troops police buffer zone in Cyprus. BUFFER ZONE, Cyprus, March 27- When Chao Liu enlisted in the People's Liberation Army in the dying years of China's Cultural Revolution, he never imagined he would end up in Cyprus wearing a blue U.N. beret.
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PARIS, March 26- French President Francois Hollande is delaying a decision until later in the year on slashing the country's defence budget as part of cost-cutting measures after meeting stiff resistance from parliament in the aftermath of the Mali war.