Budget


Senate passes budget deal; What will House do?

Senate reaches agreement that could avert a government shutdown, but House approval is still needed.

Senate nixes funding bill; another shutdown looms

A federal shutdown remains a possibility, but the Senate vows to try again Monday.

Government shutdown déjà vu all over again?

For the third time this year, the government nears shutdown, with disaster relief funds the sticking point.

13 banks commit $20B to small business lending

Top U.S. banks say they will lend $20 billion to small businesses over the next three years.

Contractor cuts among proposals sent to supercommittee

Wisconsin senator wants fewer contractors but one idea may create jobs for contractors and still save money.

OMB wants 10% budget cuts, warns of tough year ahead

The Obama administration issued new instructions to agency and department heads that warned of a "difficult year" ahead for budget cuts.

Potential debt limit fallout paints bleak picture for feds, contractors

If Congress fails to raise the government's debt limit before the Aug. 2 deadline, the federal government would face an unprecedented situation and federal employees are bound to be affected.

GCN LAB IMPRESSIONS

How I solved the budget crisis

With Budget Hero 2.0, you can take a crack at cutting the deficit and balancing the budget. And you'll realize this ain't no game.

Army's 2012 plan emphasizes innovation, frugality

The service's 2012 Modernization Plan puts focus on using technology to maximize resources amid dwindling funds.

Lockheed Martin announces more job cuts

Defense contractor announced June 30 that it will cut an additional 1,500 jobs from its airplane-making sector.

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