The findings underscore a close relationship between the U.S. defense sector and its top military brass, a trend that has drawn scrutiny in Congress.
More than 80 percent of four-star officers retiring from the U.S. armed forces go on to work in the defense industry, a new study has found, underscoring the close relationship between top U.S. brass and government-contracted companies that has drawn scrutiny on Capitol Hill.
The Quincy Institute found that patterns of post-government employment for four-star officers have evolved over time, in that retirees are often now employed with start-ups or companies that finance arms manufacturers in addition to traditional large defense contractors.Former four-stars cited in the report include Gen. Joseph F. Dunford Jr., who became a Lockheed Martin board member after stepping down as chairman of the Joint Chiefs of Staff, and Gen.
The report’s authors make their own recommendations, including a full ban on former four-stars’ employment with companies that receive $1 billion a year or more in Pentagon contracts; the expansion of required disclosures by companies that hire former officials; and expanding the definition of what activities qualify as lobbying.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Breaking: Furlough Specials in Jeopardy as Congress passed bill to avert government shutdownphoto by angela n. From the White House: 'With just 3 hours left, Congress has passed a bipartisan bill to avert a government shutdown – excluding the demands from Extreme House Republicans. Now it’s on the way to President Biden’s desk where he will promptly sign it into law. It never should have been this
Read more »
Stock futures up after Congress averts government shutdownWall Street index futures kicked off October on a high note after lawmakers averted a government shutdown. Investors will wait to hear from Federal Reserve Chair Jerome Powell on Monday for more on the central bank's interest-rate path. CBS News contributor Javier David, managing editor for business and markets at Axios, has more.
Read more »
Additional U.S. aid for Ukraine left in limbo as Congress dodges a government shutdownUkraine has lauded U.S. support for its counteroffensive against Russia as bipartisan and says it's 'actively' working to ensure more help from Washington.
Read more »
The Pentagon warns Congress it is running low on money to replace weapons sent to UkraineThe Pentagon is warning Congress that it is running low on funding to replace weapons the U.S. has sent to Ukraine and has already been forced to slow down resupplying some troops
Read more »
The Pentagon warns Congress it is running low on money to replace weapons sent to UkraineThe Pentagon is warning Congress that it is running low on funding to replace weapons the U.S. has sent to Ukraine and has already been forced to slow down resupplying some troops.
Read more »