2011 financial crisis

'Doomsday' defense cuts loom large for select 12 on 'super committee'

The six Republicans and six Democrats represent states where the biggest military contractors - Lockheed Martin, General Dynamics Corp., Raytheon Co. and Boeing Co. - build missiles, aircraft, jet fighters and tanks while employing tens of thousands of workers.

For cuts, Pentagon must choose among weapons, personnel

A decision to cut $350 billion in security spending over the next decade will force the Pentagon to make difficult trade-offs that could lead to layoffs, canceled weapons systems or a smaller nuclear arsenal.
U.S. credit down because of military spending, Rep. Frank says

A senior Democrat says the biggest reason the U.S. credit was downgraded is too much spending being "the military policemen of the world."
Panetta, Mullen continue press to head off excessive budget cuts

The United States military can handle targeted defense cuts, but if a “doomsday mechanism” of automatic cuts kicks in, national security will falter and downrange troops will suffer, Defense Secretary Leon Panetta said Thursday.
15:43 August 4, 2011
As budget cuts linger, a call to spare special operations funds
Panetta calls deep budget cuts 'completely unacceptable'
Q&A: The Department of Defense and the debt deal
Debt deal includes billions in defense cuts, but pay and vet programs safe
Debt deal expected to hit Washington area economy, defense firms
Deal leaves defense hawks nervous
House Republican defense leaders blast Obama, Democrats over debt fight

Obama: Despite downgraded rating, U.S. still a triple-A nation

Eager to calm a nervous nation, President Barack Obama on Monday dismissed an unprecedented downgrade in the nation's credit rating, insisting investors will stand by the United States even as stock markets plunged.
Markets react to rating downgrade with steep decline
U.S. debt downgrade could mean rate hikes for all
China urges U.S. to handle debt responsibly
Budget battle moves on to super committee

Latest Blog Postings

Spouse Calls

Hollywood has our number

Entertainers with good intentions want to support the military. I hope they realize that "Got Your 6” means far more than covering our backsides.
Pacific Storm Tracker

Tropical Storm 03W, # 2

Expect a gusty day on Guam as 03W moves slowly northwest and intensifies; 45-mph gusts are forecast.
Pacific Storm Tracker

Tropical Depression 03W, #1

Season's third storm forecast to skirt southwest of Guam Tuesday morning, hurtle east of Iwo Jima overnight Thursday.
Pacific Sportsblog

Schrock’s-eye view from the ground at the Far East D-I Soccer Tournaments

Sophomore journalism major and starting soccer forward at Colorado Mesa University gives his view as Sports Blog Nation guest columnist.
Pacific Sportsblog

Things learned, observed in Pacific high school spring sports season Week 13.0.

Unceremonious end to Zama’s Walls’ soccer career; Guam High’s Loisel enters Far East track meet on record note.