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Posted inHousing, Money, News, Politics

Trump budget calls for huge increases in CT-made subs, ‘copters

WASHINGTON — President Donald Trump’s new budget would dramatically boost spending on the Virginia-class and Columbia-class submarines built by Electric Boat in Connecticut and sharply increase the Pentagon’s purchase of Sikorsky helicopters in the next federal fiscal year. While those increases may be approved by Congress, much of Trump’s budget was considered DOA.

Posted inMoney, News, Politics

Congress’ efforts to avoid another shutdown feature last-minute deals

Updated at 7:20 p.m.
WASHINGTON — To avoid another government shutdown, the U.S. House on Tuesday passed a spending bill that would fund the Pentagon until the end of the federal fiscal year – with big boosts for the Connecticut defense industry — and keep other federal agencies running until March 23. But approval of the bill is just one maneuver in a complex budget dance between congressional Republicans and Democrats this week that also will feature a face-off between the House and Senate.

Posted inMoney

Defense slowdown hurts all of Connecticut

WASHINGTON– There’s not one corner of Connecticut that doesn’t benefit from Pentagon spending, but the go-go years for the state’s defense contractors may be over. That’s bad news for what was one of the state’s hottest, growing industries, especially for Connecticut’s smaller defense contractors.