Feb 22, 2013 Deputy Secretary of Defense Ashton Carter says the mechanism of the sequester cuts to the Defense Department is "dumb."
Feb 22, 2013 Cuts in defense spending as part of the sequester could ripple to suppliers outside the U.S.
Feb 13, 2013 For one thing, 63,000 kids would get booted from Head Start.
Jan 29, 2013 As furloughs loom, worries abound in Warner Robins, Ga.
Jan 24, 2013 Three big employers dependent on defense spending, Raytheon, Lockheed Martin and General Dynamic all expect cuts to their contracting services.
Dec 31, 2012 Defense contractors are already cutting back as the war in Afghanistan winds down.
Nov 30, 2012 If a deal isn't reached on the fiscal cliff, the Defense Department faces half-a-trillion dollars worth of cuts across the board. So why can't lawmakers come to an agreement?
Sep 28, 2012 You've heard warnings about the economic disaster that could happen if Congress fails to avoid a fiscal cliff. But what is the fiscal cliff anyway? Sr. Producer Paddy Hirsch enlists the support of his friends Thelma and Louise in this three-minute explanation.
Sep 13, 2012 The parent company of Airbus, EADS, is in merger talks with the continent's biggest defense contractor, BAE systems. That could put U.S. leaders Boeing and Lockheed Martin playing a little defense themselves.
Aug 9, 2012 The big defense contractors -- including Lockheed Martin and Pratt & Whitney -- say they may have to send out mass layoff notices to their employees in a few months. That's because they're worried that hundreds of billions of dollars in expected cuts to the Pentagon's budget will have a big effect on them.