AP – Top congressional Republicans, Democrats and Defense Secretary Leon Panetta are united in a single message to the special bipartisan committee looking for ways to cut the deficit: Leave military spending alone. Read the rest of this entry »
AP – Insurgents attacked a U.S.-run civilian and military base with rocket-propelled grenades and guns in a brazen early afternoon assault in the southern city of Kandahar, a traditional Taliban stronghold, Afghan officials said Thursday. Two attackers were killed. Read the rest of this entry »
Reuters – Raytheon Co and L-3 Communications Holdings on Thursday reported a drop in quarterly sales, but the defense contractors cited rising backlogs as a cause for optimism in the face of falling defense budgets. Read the rest of this entry »
Reuters – Boeing Co posted a larger quarterly profit on Wednesday, topping analyst forecasts, on strong commercial and military sales, and the company raised its earnings forecast for the full year. Read the rest of this entry »
AP – The government’s promise of lifetime health care for the military’s men and women is suddenly a little less sacrosanct as Congress looks to slash trillion-dollar-plus deficits. Read the rest of this entry »
AP – A top bank lobbyist insisted Saturday that banks and the eurozone are far from reaching a deal to cut Greece’s debt, despite claims by eurozone finance ministers that they will ask banks to take steeper losses on their Greek bonds. Read the rest of this entry »
AP – President Barack Obama on Friday declared an end to the Iraq war, one of the longest and most divisive conflicts in U.S. history, announcing that all American troops would be withdrawn from the country by year’s end. Read the rest of this entry »