Wednesday, February 25, 2009

****Defense budget under tighter scrutiny
THE HILL: Lawmakers in the Senate and House are pushing initiatives to curb — and in some cases drastically reduce — defense spending, as the tough economic climate brings increased scrutiny to the massive Pentagon budget. Sens. Carl Levin (D-Mich.) and John McCain (R-Ariz.) on Tuesday introduced a bill seeking to reform the way the Pentagon buys weapons systems. The ultimate goal of the bill is to rein in the ballooning costs of high-tech weapons and, eventually, to establish fixed-price contracts for most weapons systems, according to Levin.