Wednesday, February 6, 2013

Northrop Grumman - Defense Firms Discuss Automatic Spending Cuts Reuters - White House

Wed Feb 6, 2013 12:43pm EST

WASHINGTON Feb half a dozen (Reuters) - Senior White House authorities achieved together with chief professionals from best defensive trades-people on Wednesday to discuss the effects for their organisations of strong programmed national wasting reductions slated to look at relation to March 1, White House spokesman Jay Carney instructed reporters.

The meeting followed your day after President Barack Obama urged Congress to come up by using many short-term wasting pieces and also come across innovative levy profits to be able to postpone that $85 thousand in across-the-board "sequester" cuts, which economists have reported might harm the actual economy.

Top Republican lawmaker John Boehner, the speaker of that House connected with Representatives, mentioned on Wednesday that your dog could oppose every delay inside the sequester not having different wasting reductions and reforms. [ID:nL1N0B67GH'

The achieving having Obama's top economic advisers included professionals coming from Northrop Grumman , BAE Systems, Pratt & Whitney, ITT Exelis, Huntington Ingalls in addition to privately held Aurora Flight Sciences Corp, Carney said.

"The concentration of the conversing seemed to be this potential devastating consequence on the sequester starting effect," Carney said.

For example, Northrop Grumman has concerning 20,000 enterprises that supply the enormous service provider - businesses in which likewise will be hurt by the wasting cuts, he / she said.

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