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  • WASHINGTON, March 19- Defense hawks in the U.S. House of Representatives will push for more robust 2016 military spending next week, Speaker John Boehner said on Thursday, setting the stage for a potentially contentious debate as the House lays out its budget blueprint. He added that the House Rules Committee, the powerful gatekeeper of legislation he controls,...

  • Pentagon projects drop in cost of Lockheed F-35 Thursday, 19 Mar 2015 | 10:57 AM ET

    The Defense Department projects a nearly two percent drop in the cost to buy 2,457 Lockheed Martin Corp F-35 fighter jets in coming decades.

  • WASHINGTON, March 18- U.S. Senate Republicans on Wednesday proposed less aggressive federal budget cuts than their House counterparts, forgoing a massive revamp of the Medicare health system for seniors and setting up a conflict over defense spending. The Senate version would achieve a budget surplus a year later, in 2025, and assumes nearly $1 trillion in...

  • House: The House would add up to $36 billion to President Barack Obama's $58 billion request for overseas military and diplomatic operations in the war on terror as a way to ease automatic cuts that limit defense spending to $523 billion next year. Senate: Maintains Pentagon spending at tight "caps" required under sequestration and matches Obama's $58 billion...

  • U.S. military veteran unemployment easing, but still high Wednesday, 18 Mar 2015 | 12:30 PM ET

    WASHINGTON, March 18- Unemployment rates for U.S. military veterans fell last year, but joblessness among their ranks remains higher than the civilian population, a government report showed on Thursday. The unemployment rate among veterans who joined the military after Sept. 11, 2001, fell to an average of 7.2 percent last year from 9 percent in 2013, the Labor...

  • A fix for jobless vets? Make them entrepreneurs Wednesday, 18 Mar 2015 | 9:00 AM ET
    A veteran speaks to a job recruiter at a 'Hiring our Heroes' Job Fair on March 27, 2014 in New York City.

    Post-9/11 veterans struggle as their unemployment rate stands at 6.7 percent, versus 5.5 percent for the general population.

  • The officials told a panel in the House of Representatives that while a Republican budget proposal unveiled earlier in the day would add an additional $40 billion to the Pentagon war-funding account, the military services could not use that money for many of their most pressing needs. The hearing came as the Pentagon officials pressed lawmakers to lift...

  • The plan by Budget Committee Chairman Tom Price, R- Ga., pads Pentagon and State Department accounts for overseas operations in Afghanistan and elsewhere by $36 billion above President Barack Obama's $58 billion request for such spending, which is not bound by the return of automatic cuts next year. In the immediate term, the measure would produce higher...

  • Senators James Inhofe, an Oklahoma Republican, and Bill Nelson, a Florida Democrat, both members of the Senate Armed Services Committee, said they were concerned that the Defense Department and the Air Force were not complying with a law that seeks development of a U.S. alternate engine by 2019.. The senators said the Air Force was not using $220 million...

  • It will be overseen by two rookie Budget Committee chairmen in the Senate and House of Representatives. The orthopedic surgeon from Georgia is also widely expected to recycle controversial changes to Medicare championed by his predecessor, Paul Ryan, which would turn the popular health care program for seniors into a system of subsidies for private...

  • WASHINGTON, March 16- The U.S. House of Representatives is moving toward a vote in mid-May on the annual half-billion-dollar defense policy bill, U.S. Representative Mac Thornberry, chairman of the House Armed Services Committee, said on Monday. Both Republicans and Democrats in Congress strongly back providing such aid to the Kiev government and members have...

  • HOLLYWOOD, Fla., March 16- Some banks that have non-prosecution agreements over failures to police transactions for criminal activity could see those deals withdrawn and be forced to plead guilty, a U.S. Justice Department official said on Monday. The Justice Department has since entered into non-prosecution agreements and deferred-prosecution...

  • WASHINGTON— GOP defense hawks are pressing to find ways to boost the Pentagon's bottom line as the annual budget debate cranks up on Capitol Hill, as tension between defense hawks and budget hard-liners is already making it difficult for Republican leaders to assemble a majority behind their soon-to-be-revealed budget blueprints. Senate Armed Service...

  • BEIRUT, March 15- Syria's air force carried out air strikes on Sunday on Douma city, an insurgent stronghold northeast of Damascus, with 18 people killed and at least 100 wounded including children and other civilians, the Britain- based Syrian Observatory for Human Rights said. Overnight, Syria's military killed dozens of combatants in southern Syria linked to...

  • BEIRUT, March 15- Syria's military targeted a group of combatants linked to al Qaeda's Nusra Front late on Friday in southern Syria, state media reported, saying that dozens including three senior members of the group had been killed. Syria's army and allied combatants from Lebanon's Hezbollah launched a large-scale offensive in the region last month against...

  • "If Greece explodes, Spain and Italy will be next and then at some point, Germany. He also said Greece did not need a third bailout but rather "a haircut like the one Germany also got in 1953 at the London debt conference." Athens and Berlin have become engaged in a war of words and Greece has submitted a formal protest to the German Foreign Ministry, accusing Finance...

  • BERLIN, March 14- If Greece were to leave the euro zone, Spain and Italy would also end up quitting the common currency bloc, Greek Defense Minister Panos Kammenos told German newspaper Bild in an interview to be published on Saturday. "If Greece explodes, Spain and Italy will be next and then at some point, Germany. He also said Greece did not need a third bailout but...

  • Why UTC may spin off Sikorsky copter unit: CEO Thursday, 12 Mar 2015 | 8:48 AM ET
    A Black Hawk S-70i helicopter, manufactured by United Technologies Corp.'s Sikorsky Aircraft unit

    Spinning off Sikorsky from UTC would give shareholders a choice between owning two businesses, CEO Gregory Hayes tells CNBC.

  • UTC plans spin-off for Black Hawk unit Thursday, 12 Mar 2015 | 3:42 AM ET
    U.S. military Blackhawk and Chinook helicopters.

    United Technologies plans to dispose of its business that builds the Black Hawk military helicopter. The FT reports.

  • Moscow- based cybersecurity firm Kaspersky Lab has become a leading authority on American computer espionage campaigns, but sources within the company say it has hesitated at least twice before exposing hacking activities attributed to mother Russia. Meanwhile, U.S. cybersecurity firms CrowdStrike Inc and FireEye Inc have won fame by uncovering...

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