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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Hurricane Michael Devastates Communities and Leaves +1 Million Without Power

Weather Channel Video Footage of Hurricane Michael Disaster
Hurricane Michael, a storm that quickly grew into a Category 4 Hurricane by the time it reached Florida, caused massive devastation across several states. The storm has moved out to sea. Over 1 million people are believed to lack electricity as of Friday morning (10/12/2018). Reports are that at least six people have died –
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BidSync Leverages AI To Deliver Relevant Government Opportunities

BidSync from Periscope Holdings
Periscope Holdings, a leader in government procurement solutions, today introduced an entirely new government bid experience for suppliers, powered by artificial intelligence (AI). The completely rebuilt BidSync™ supplier application leverages machine-learning technology to deliver the most relevant, winnable government opportunities for each user. Smart enough to automatically filter out bids that are irrelevant to each supplier’s
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Federal Government Spending: Defense and Civilian Agencies Need To Spend $200 Billion By September 30

Countdown Clock
Time is running out for federal agencies (defense and civilian) to spend billions of dollars that Congress allocated. According to Nextgov’s Executive Editor, Frank Konkel, Nancy Marshall-Genzer of WESA (90.5 Pittsburgh), and analysis from our partners at The Pulse of GovCon, spending in government agencies has increased in pace. However, it is estimated that between
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U.S. Air Force Orders General Dynamics Air Traffic Control Radios for Bases in Europe

General Dynamics Mission Systems received a contract from the U.S. Air Force to supply more than 140 CM-300/350 V2 Air Traffic Control (ATC) radios, replacing existing ATC radios currently operating at U.S. Air Force in Europe (USAFE) locations.  The General Dynamics-built radios leverage the Federal Aviation Administration (FAA) NEXCOM Segment II radio design with Internet
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General Dynamics Awarded $481 Million for Continued Development of U.S. Navy’s Next Ballistic-Missile Submarine

The U.S. Navy has awarded General Dynamics Electric Boat a $480.6 million contract modification to continue the development of the lead Columbia-class submarine, the nation’s next-generation sea-based strategic deterrent. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). The modification includes funding for advance procurement, advance construction and long lead time material
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Defense Spending Includes $162 Million For Portsmouth Naval Shipyard In Maine

Portsmouth Naval Shipyard with USS San Juan - Los Angeles Class Submarine
The Portsmouth Naval Shipyard in Maine will receive $162 million for upgrades in the 2019 Military Construction and Veterans Affairs Appropriations bill. Source: Defense bill with $162M for Maine shipyard upgrades sent to Trump for signature Author: Hadley Barndollar Publication:  Portsmouth Herald Here is what you need to know: Funding Ensures Shipyard Can Dry Dock Los Angeles and
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Naval Medical Logistics Command Awards Leidos Contract to Study Health Impact of Undersea Operations on Submariners

Naval Medical Logistics Command
Leidos (NYSE: LDOS), a FORTUNE® 500 science and technology leader, was awarded a follow-on contract by the Naval Medical Logistics Command to support biomedical research and development at its Naval Submarine Medical Research Laboratory (NSMRL). The indefinite delivery/indefinite quantity contract has a five-year period of performance with a total contract value of approximately $28 million. Work will
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