WASHINGTON: While the House has voted to extend the debt limit to May, the automatic federal spending cuts called sequestration still loom $90 billion large, half that bill for the Pentagon alone. Yet, as fourth quarter earnings calls begin, the defense industry and its stock values remain remarkably resilient.

What gives? Or rather, what isn’t giving way, and why? Keep reading →

Labor Dept saying WARN act does NOT require layoff notices re sequester: Story soon @ SydneyFreedberg