defense spending

Business
10:32 am
Fri March 1, 2013

St. Louis Defense Industry Braces For Sequester

Scott Air Force Base
Credit (via Wikimedia commons/SSGT CHAD R. GANN, USAF)

Earlier this week the Obama Admiration released a state-by-state breakdown of the $85 billion in cuts slated to kick in on Friday.

The report details cuts to expenditures ranging from teachers and schools, to air-traffic control, to public health and head start.  Among the line-items slated for the largest cuts is military readiness and defense, or more specifically by civilians working for the Department of Defense. 

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Fiscal Cliff
10:40 am
Tue December 11, 2012

'Fiscal Cliff' Could Affect Mo. Economy, Budget

Missouri's gross revenue collection in July was up by .6 percent as compared to July 2010.
flickr/yomanimus

If officials in Washington don't reach a deal to avert the "fiscal cliff," Missouri could see a hit to its economy and budget.

The Federal Funds Information for States estimates Missouri could lose $1 billion of Defense Department spending on contracts and military institutions if federal spending cuts take effect in the new year. The Washington-based organization estimates those automatic cuts also could result in a $125 million reduction in federal grants to state programs, such as public schools and early childhood programs.

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