Federal Government Collects Record Individual Income Taxes in FY 2018; Still Runs $779B Deficit

Copies of the US Federal Budget
The U.S. federal government set a record in individual income tax revenue in 2018, collecting more than $1.683 trillion from taxpayers, according to the Monthly Treasury Statement released this month. The period reflects the government’s fiscal year, which runs from October 2017 to September 2018. However, while the government collected more revenue from taxpayers in history, it
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LeadersNest Announces the 2018 FedFem Awards Winners

FedFem Awards Honoring Women Owned Businesses in Government Contracting - LeadersNest
LeadersNest has announced the 2018 FedFem Award Winners, who will be honored at a special event on Thursday, October 25, 2018.  Here is what you need to know: FedFem Awards: The FedFem awards (www.fedfemawards.com) salute high-impact women-owned businesses (WOBs) and executives of the government contracting (govcon) industry. This is the first awards program in Washington, DC
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Harris Corporation and L3 Technologies To Merge Into L3 Harris Technologies

L3 Harris Technologies
In an all-stock merger, Harris and L-3 Technologies merged to create the sixth-largest defense contractor in the U.S. The new company will be known as L3 Harris Technologies. The deal, with a value of approximately $34 billion, passes the Boeing merger with McDonnell Douglas as the largest in the history of the defense industry. Once the deal
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Google Will Not Bid for Pentagon’s $10 Billion Joint Enterprise Defense Infrastructure cloud, or JEDI

Pentagon - U.S. Department of Defense
Google has decided to not bid for the Pentagon’s $10 billion Joint Enterprise Defense Infrastructure cloud contract known as JEDI. According to published reports, a Google representative stated that the contract may violate principles or values the company recently set when taking on contracts that involve artificial intelligence (AI), and the contract scope may be
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No Government Shutdown: Congress Passes Minibus Spending Bill To Keep Government Running Until December

Government Contractors - U.S. Capitol Building and Dome
The “minibus” appropriations, or spending bill, that was passed by Congress and is expected to be signed by President Trump, avoids a government shutdown for the moment. The bill is one of three bills – all of which are designed to fund approximately 90% of the U.S. government’s operations through December 7, 2018. However, Congress
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$1.3 Trillion Omnibus Bill Deal Signed To Fund Government Through September 2018

Government Shutdown - US Capitol Building
Congress has passed and the President has signed a $1.3 trillion budget measure ending the threat of another government shutdown, just hours before the latest of a series of temporary extensions of agency spending authority expired. Friday morning Trump registered displeasure with the bill, Tweeting that he was “considering a VETO” because the bill does not address
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