Tag Archives: steven mnuchin

Weekly Roundup: Northrop Grumman Receives $13.3B Ground-Based Strategic Deterrent ICBM Dev’t Contract; Pentagon Upholds JEDI Cloud Contract to Microsoft; Pratt and Whitney Secure Major USAF Contracts; Leidos Defense Group Adds Retired Lt. Gen. Darrell Williams; Antoine Harden Joins Google’s Cloud Segment

Jim Garrettson

THIS WEEK’S TOP 10 MOST POPULAR STORIES View Weekly Contract Awards Pratt & Whitney Books $580M IDIQ for F-35 Aircraft Propulsion System Spares Raytheon Technologies‘ (NYSE: RTX) Pratt & Whitney subsidiary has secured a $579.8M contract to provide F135 propulsion system spare parts, engines and modules to the U.S. Navy, Marine Corps, Air …

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Report: Treasury Mulls Setting Aside Nat’l Security Business Relief Funds Under $17B Loan Program

The Department of the Treasury considers safeguarding a $17B loan program for eligible national security companies under the Coronavirus Aid, Relief and Economic Security Act in the event that Boeing (NYSE: BA) and General Electric (NYSE: GE) find themselves in need of funds, Bloomberg reported Tuesday. Both companies have raised funds through bond offerings, divestiture and other initiatives.

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House OKs Potential $484B Emergency Relief Package

house-oks-potential-484b-emergency-relief-package

The House on Thursday passed a potential $484B emergency relief package that would provide additional funds for small businesses and expand COVID-19 testing efforts amid the coronavirus pandemic, The Hill reported Thursday. The measure brings the country’s total coronavirus pandemic response dollars to approximately $2.8T and includes $310B in additional funds for the Paycheck Protection Program, $75B for hospitals and $25B for COVID-19 testing.

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Well Known Security Expert Frank Abagnale Explains Why IRS Data Issues Hurt CARES Act

Frank Abagnale GovConExpert

The US economy has been stricken by Coronavirus. Last week, a record 6.6m Americans filed for unemployment benefits. The government has responded to the crisis with a $2 trillion package, which includes $300 billion in direct payments to citizens. That’s commendable. But while Washington’s intentions are good, there’s a strong possibility that those who most need that money won’t receive it quickly enough ̶ and worse, that billions of those dollars will actually end up in misdirected payments to fraudsters.

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DoD Opposes Commerce’s Proposed Rules to Further Restrict US Sales to Huawei

The Department of Commerce has decided to withdraw its proposed rules that would further restrain U.S. companies from selling chips and other electronics to China-based Huawei Technologies through their facilities overseas after Commerce faced objections from the Department of Defense, The Wall Street Journal reported Friday.

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Congress, White House Strike Two-Year Deal on Spending, Debt Ceiling

The White House and Congress have reached a deal that would suspend the debt limit until the end of July 2021 and raise federal spending over two years, The Wall Street Journal reported Monday. The two-year budget deal worth more than $2.7T would increase federal spending by about $320B over a couple of years above budget caps set in the Budget Control Act of 2011.

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