Under current law as it stands, the Congressional Budget Office is estimating the tax deal passed by Congress to avert the fiscal cliff will add $3.9 trillion to the deficit over the
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Defense Department civilian employees will see a 2 percent reduction in their net pay as a result of the tax package passed by Congress Jan. 1 to avert the fiscal cliff, American
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The automatic across-the-board budget cuts known as sequestration are postponed for two months under a tax package passed by Congress late Tuesday, The Hill newspaper reports. By a 257-167 vote, the House
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Budget uncertainty surrounding the fiscal cliff keeps the Defense Department from being able to plan the country’s future defense strategy, Defense Secretary Leon Panetta said Tuesday. According to CBS News, Panetta told
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With the year-end deadline approaching for Republican and White House negotiators to reach a compromise on avoiding the fiscal cliff, a West Virginia lawmaker is still optimistic a deal can happen. National
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A group of 11 House Republicans and 11 House Democrats have sent a letter to President Barack Obama asking for defense cuts to be part of a budget agreement ahead of the
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The U.S. economy cannot grow in 2013 unless the White House and Congress reach a compromise to avoid the January fiscal cliff of automatic spending cuts and tax increases, the head of
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Four CEOs of aerospace and defense firms are again urging Congress and the White House to work together on avoiding the fiscal cliff, Aviation Week reports. At the same time, those four
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Initial proposals from both the White House and Republican congressional leaders to avoid the fiscal cliff do not include new cuts to defense spending under sequestration, Defense News reports. John Bennett writes
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President Barack Obama met with congressional leaders over the weekend to discuss how the country can avoid the fiscal cliff, Reuters reports. The cliff is scheduled to kick in Jan. 2 through
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