The nation’s largest defense contractor had a better third quarter than expected, as federal budget cuts brought less severe consequences than were forecasted.

Tagged with: budget contractor cuts defense lockheed martin corp. sequester shutdown

WASHINGTON — The Defense Department could shed 60,000 more troops than planned and 50,000 civilian employees without hurting U.S. fighting power, four former members of the Pentagon’s Joint Chiefs of Staff said in a new report on military strategy and ...

Tagged with: breaking news budget cuts d.c. employment Government jobs pentagon washington

WASHINGTON — Amtrak’s president says long-distance trains and some short-haul routes would be jeopardized and service in the busy Northeast corridor might have to be slowed if federal subsidy cuts proposed by a House subcommittee are realized. Iowa Republican Rep. ...

Tagged with: amtrak budget Business cuts House Appropriations Committee maryland Transportation travel united states

BETHESDA — Automatic spending cuts at the National Institutes of Health could cost the economy as many as many 100,000 jobs, Sen. Ben Cardin, D-Md., has warned. Across-the-board spending cuts will hit government agencies, including NIH, on March 1 if ...

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NEW YORK — PayPal says it is cutting 325 full-time jobs in a move to streamline the business. EBay Inc.’s PayPal unit also said Monday that it is ending jobs with about 120 independent contractors worldwide. The job cuts have ...

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WASHINGTON — Thirteen defense executives are complaining that the threat of automatic, across-the-board cuts to military spending is creating uncertainty that’s already affected their industry. Seven senators released copies of the executives’ letters on Monday. The six Republicans and independent ...

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CUMBERLAND — The Western Maryland Health System in Cumberland says it plans to eliminate some jobs as it seeks to reduce costs by 10 to 15 percent over the next five years. The Cumberland Times-News reported Thursday that the cuts ...

Tagged with: costs cuts jobs medicaid medicare

With the advent of this year’s social season, Maryland law firms will likely host more laid-back happy hours than formal dinners this summer. Firms are increasingly turning to informal gatherings over expensive events whether entertaining employees or wooing clients. In ...

Tagged with: Baltimore cuts event law firms lawyers maryland Saul Ewing

It’s the other moment everyone has been waiting for. Not the conclusion of public budget talks between Gov. Martin O’Malley, Senate President Thomas V. Mike Miller Jr. and House of Delegates Speaker Michael E. Busch — but the start. The ...

Tagged with: Annapolis budget cuts house of delegates Martin O'Malley Michael E. Busch senate senate president special session Thomas V. Mike Miller Jr.

Faith leaders want the Maryland legislature to restore budget cuts that came with the so-called doomsday budget passed by the General Assembly earlier this month. Religious leaders are scheduled to release a letter Monday morning asking the lawmakers to do ...

Tagged with: budget cuts cuts doomsday budget General Assembly lawmakers tax increase