Federal Government Collects Record Individual Income Taxes in FY 2018; Still Runs $779B Deficit
Monday, October 22, 2018
by Government Contractors Editorial Team
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
- Published in Budget Deficit, Editorial Team, Federal Budget, Headline, Michael Hackmer
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LeadersNest Announces the 2018 FedFem Awards Winners
Wednesday, October 17, 2018
by Michael Hackmer, CEO and Founding Partner, Government Contractors
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
- Published in GovCon Award, Headline, LeadersNest, Michael Hackmer
Harris Corporation and L3 Technologies To Merge Into L3 Harris Technologies
Monday, October 15, 2018
by Michael Hackmer, CEO and Founding Partner, Government Contractors
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
- Published in Defense, Harris, Headline, L-3, L3 Harris Technologies, Michael Hackmer
Google Will Not Bid for Pentagon’s $10 Billion Joint Enterprise Defense Infrastructure cloud, or JEDI
Thursday, October 11, 2018
by Michael Hackmer, CEO and Founding Partner, Government Contractors
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
No Government Shutdown: Congress Passes Minibus Spending Bill To Keep Government Running Until December
Sunday, September 16, 2018
by Michael Hackmer, CEO and Founding Partner, Government Contractors
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
- Published in Federal, Federal Budget, Government Shutdown, Headline, Michael Hackmer
$1.3 Trillion Omnibus Bill Deal Signed To Fund Government Through September 2018
Monday, March 26, 2018
by Michael Hackmer, CEO and Founding Partner, Government Contractors
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
- Published in Federal, Federal Budget, Headline, Top Story