Some of the recommendations in a highly critical Senate report are off-base, Defense IG says.
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Service wants to accelerate procurement schedule at endangered Avondale facility that employs thousands of workers.
Possible consequences of not acting include broken or canceled programs and market uncertainty, acquisition executive says.
Makeup of the Budget and Appropriations panels likely will be significantly different after Nov. 2.
In afternoon confirmation hearing, Jack Lew says review will be one of his first actions if confirmed as budget chief.
Democrat dismisses significance of White House plan to appoint Elizabeth Warren as an unconfirmed special adviser to new consumer financial protection bureau.
Despite reports of progress, plans include plenty of challenges to tackle before Nov. 1.
One way the Pentagon will meet Secretary Gates' goal to cut $100 billion in spending will be to replicate the Naval Sea Systems Command’s standard solicitations for services, which increase competition and save money.
Industry and Congress support the Pentagon’s efficiency initiative goals, but await more information on implementation.
Legislation would ban Foreign Corrupt Practices Act violators from doing business with the government.