Obama Signs Bill to End Looming Fiscal Crisis
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In a cliff-hanging series of maneuvers that many Americans watched in their pajamas, the Congress lifted the partial shutdown of the federal government and President Obama has signed it, agreeing to fund federal agencies at current spending levels through Jan. 15 and voting to extend the nation’s borrowing authority through Feb. 7. The legislation doesn’t include a provision granting federal agencies more flexibility to mitigate the effects of the across-the-board reductions known as the sequester, The Wall Street Journal reports.
This latest fiscal legislation instructs Congressional leaders to name negotiators to a group, led by Sen. Patty Murray, D-Wash., and Rep. Paul Ryan, R-Wis., that will craft a larger budget deal due in December, CBS News reports.
The Dow Jones Industrial Average surged 205 points on news of the Congressional deal.
Time to reboot? Ensuring a user-friendly experience for their customers was considered the lowest of priorities among cybersecurity professionals surveyed in a new study whose results were reported by NextGov.
TechAmerica Foundation predicts that Federal IT spending will plateau over the next five years, Fierce GovernmentIT reports.
Norway is seeking to purchase six additional Lockheed Martin F-35 Joint Strike Fighters for its air force in the country’s fiscal year 2014 defense budget request, FlightGlobal says.
Italy’s Piaggio says a failure of European manufacturers to bring to the market an affordable medium-altitude, long-endurance (MALE) unmanned air vehicle opens the door for its P.1HH Hammerhead to be the MALE choice for Europe, FlightGlobal reports.
Iran and six world powers — the United States, Britain, France, Russia, China and Germany – concluded two days of talks; both sides “optimistic,” The Hill reports. Next meetings could occur within weeks, Navy Times says.
