 December 28, 2012 | News for the aerospace industry |
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- Blakey: Defense cuts threaten U.S. talent, security
Cutting the U.S. defense budget could hamper the development of critical weapons and technology and spur a "brain drain" of talented workers, writes Marion Blakey, president and CEO of the Aerospace Industries Association. "[A]re we really doing what's necessary to ensure that any American President has both the military equipment and human capital he or she will need when the next 3:00 am phone call comes?" she writes. AOL Defense
(12/27)      
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- OMB: Agencies can't protect programs in sequester
If sequestration takes effect next week, the Defense Department won't be able to choose which programs will be cut, according to the White House Office of Management and Budget. Agencies have to apply the cuts at the "program, project and activity" level, which means the Pentagon would have little flexibility in protecting specific programs. Bloomberg Businessweek
(12/27)
- Reid says House is ignoring possible sequestration solution
Senate Majority Leader Harry Reid, D-Nev., said Thursday that the House can address sequestration by taking up a Senate measure that would extend current tax rates for those earning less than $250,000. "The way to avoid the 'fiscal cliff' has been right in the face of Republican leaders for days and days and days," Reid said. "I say to the speaker: 'Take the escape hatch we left you.'" CBS News
(12/27)
- Analysis: OMB can blunt sequester's effect
The Office of Management and Budget can make some moves to soften the blow of sequestration in the short term, say experts. It can speed up 2013 spending, delay announcing federal contracts and funnel money to the most critical needs. However, if the OMB delays major cuts until the end of the year and no sequestration deal is reached, the resulting budget pain will be intense, says G. William Hoagland, a former Republican chief of staff of the Senate Budget Committee. TheFiscalTimes.com
(12/27)
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- NASA engineer points to GE, Air Force for hypersonic progress
General Electric and the U.S. Air Force may play a role in bringing hypersonic aircraft to the commercial market, though those developments are a long way off, NASA engineer James Pittman says. Hypersonic aircraft would likely have composite engine material, a development that is being led by General Electric, he says. The Air Force has taken the lead in the development of combustion technology, Pittman says. Forbes
(12/27)
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