Shutdown Watch * Debate to sort out the US federal budget has moved from the House to the Senate. This seems to be bringing back sequestration on the agenda, which may be another point of contention rather than a catalyst for agreement. Glasnot * Russia is going to...
US Sh-tdown Watch * No deal, some talk between House Republicans and the Administration. Since defunding Obamacare was an obvious nonstarter, and even delaying part of its implementation didn’t pan out, Republicans are changing their angle. Talks, to the extent...
Offset Exposure * The Financial Times and IHS Jane’s estimate that a dozen of the top prime defense contractors have a combined $75B worth of offset obligations, though there’s very little transparency around these deals. Lockheed Martin and Boeing lead...
US Budget, Or Lack Of * House Armed Services Committee (HASC) Chairman Buck McKeon [R-CA] wants his party to recognize they’re not going to win the current fight over Obamacare, and go back to addressing sequestration cuts to defense. But if most House...
Coping with Shutdown, In Their Own Way * Government shutdown update: no real news. Talks are shifting to the debt ceiling, but this could still drag on for several weeks as the US Treasury has cash on hand to muddle through until the end of the month or thereabouts. *...
