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  • WASHINGTON, Feb 26- Top U.S. Navy and Marine Corps officials on Thursday told U.S. lawmakers that training and weapons programs would probably be hit hardest if Congress fails to remove budget caps known as "sequestration" that are due to resume in fiscal 2016.. General Joseph Dunford, commandant of the Marine Corps, said the result would be that his military branch...

  • BERLIN, Feb 26- Germany is considering buying more tanks in the light of the Ukraine crisis and Europe's deteriorating relations with Russia, after years of drastic cuts left the military operating with just 75 percent of the heavy equipment it needs. "NATO has set new goals on flexibility and rapid reaction time. Lawmakers on both sides of Germany's right-left...

  • UKRAINE ON THURSDAY TO START WITHDRAWING HEAVY WEAPONS IN EAST UKRAINE- INTERFAX CITES MILITARY.

  • ISMAILIA, Egypt, Feb 26- Egypt's military could help build an industrial hub around a new Suez Canal, the project's manager said, the first suggestion that the armed forces may play an important role in the huge investment venture planned alongside the new waterway. The army began in August digging the new $8 billion canal that President Abdel Fattah al-Sisi, the...

  • Iran blows up mock US warship in defense drill Wednesday, 25 Feb 2015 | 7:27 PM ET
    In this picture released by the Iranian Tasnim news agency on Feb. 25, 2015, a replica of a U.S. aircraft carrier is exploded by the Revolutionary Guard's speedboats during large-scale naval drills near the entrance of the Persian Gulf, Iran.

    During war games, Iran state TV shows missiles hitting a full-scale model of U.S. Navy aircraft carrier. USA Today reports.

  • Homeland Security standoff: The Republican risk Wednesday, 25 Feb 2015 | 10:28 AM ET

    The latest standoff on funding—for the Department of Homeland Security—is riskier for Republicans. CNBC's John Harwood explains.

  • US Army secretary optimistic on relief from budget caps Wednesday, 25 Feb 2015 | 10:26 AM ET

    McHugh said that if the budget caps, known as sequestration, remained in place, U.S. lawmakers would have to make tough decisions about which missions it wanted to Army to abandon. If sequestration cuts take effect, he said, the Army would try to protect two big weapons programs for new ground vehicles: a Humvee replacement contract due to be awarded this year, and a...

  • WASHINGTON— CORRECTS: US new home sales fell 0.2 percent in January; housing market off to slow start.

  • PARIS, Feb 25- Talks on the sale of 126 Rafale fighter jets to India are advancing, a French defence ministry spokesman said during a visit to India by Defence Minister Jean-Yves Le Drian to salvage a deal stalled on the issue of local assembly of the aircraft. One major sticking point has been over who would be responsible for the manufacturers' guarantee on 108 of...

  • France to begin arms shipments to Lebanon in April Wednesday, 25 Feb 2015 | 4:01 AM ET

    PARIS— France says it will begin shipping $3 billion worth of weapons paid for by Saudi Arabia to the Lebanese army in April. The Defense Ministry says in a statement Wednesday that the deal, first announced in 2013, will supply French armored vehicles, warships, attack helicopters, munitions and communications gear. The deal aims to boost Lebanon's military as...

  • WASHINGTON— Ahead of a looming partial agency shutdown, the head of Homeland Security increased pressure on Congress to fully fund the department, warning that border control security and other counterterrorism efforts will "grind to a halt." Several insisted they could not accept the two-part strategy proposed by Senate Majority Leader Mitch McConnell: a...

  • WASHINGTON, Feb 24- The U.S. Navy remains committed to its plans to buy the carrier-based variant of Lockheed Martin Corp's F-35 fighter jet and declare it ready for initial combat use by 2018, Vice Chief of Naval Operations Admiral Michelle Howard said on Tuesday. Howard said there was no doubt the Navy would need tactical and strike aircraft based on aircraft...

  • WASHINGTON— Veterans Affairs Secretary Robert McDonald apologized anew Tuesday for erroneously claiming he served in the military's special forces, and veterans groups and lawmakers appeared ready to accept his expression of regret. At a news conference outside VA offices, McDonald told reporters he made the misstatement in a conversation with a...

  • GOP considers short-term Homeland Security funding Tuesday, 24 Feb 2015 | 8:28 AM ET
    Senate Majority Leader Mitch McConnell (R-KY) walks from his office in the U.S. Capitol to the Senate chamber to open debate on a funding bill for the Department of Homeland Security February 23, 2015 in Washington, DC.

    As the deadline looms for a shutdown of the Department of Homeland Security, the Senate looks to a short-term extension.

  • Obama: US security funding lapse will hit economy Tuesday, 24 Feb 2015 | 3:27 AM ET

    President Barack Obama warned on Monday that a partial shutdown of the Department of Homeland Security would hurt the U.S. economy.

  • WASHINGTON— The Senate's top Republican shifted tactics Tuesday to try to free up stalled legislation to fund the Department of Homeland Security in advance of a Friday midnight deadline. "But... we can't do that until we fully fund the Department of Homeland Security. Tuesday's developments did little to clear up the impasse over immigration that is...

  • Barbara Lee and John Fleming are highly dubious at best about President Barack Obama's requests for enhanced powers to make trade deals and to deploy the U.S. military. Ideological chasms usually separate Democrat Lee of California— one of Congress' proudest liberals— and Republican Fleming of Louisiana, among its staunchest conservatives.

  • President Barack Obama warned on Monday that a partial shutdown of the Department of Homeland Security would suspend pay for more than 100,000 border patrol, port inspection and airport security agents. Homeland Security spending authority will expire at midnight on Friday unless Congress approves new funding. A new $39.7 billion budget for the...

  • NEW YORK— The Palestine Liberation Organization and the Palestinian Authority backed a series of terrorist attacks in the early 2000 s in Israel that killed or wounded Americans, a U.S. jury found Monday in awarding hundreds of millions of dollars in damages at a high-stakes civil trial. The case has been viewed as the most notable attempts by American victims...

  • Cramer: Goldman will regret bet against Boeing CEO Monday, 23 Feb 2015 | 10:12 AM ET
    Jim McNerney, president and CEO of The Boeing Company on Mad Money.

    CNBC's Jim Cramer explains why investors should not bet against James McNerney, Boeing's CEO.

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