Britain’s Defence Equipment Plan

Rapid Fire Jan. 31, 2013: Feds Uncertain Why They’re Spending Less

* Alan Krueger, Chairman of the Council of Economic Advisers (to the White House), on the reason why US GDP contracted by 0.1% in Q4 2012: “Federal defense purchases declined at an annual rate of 22.2 percent in the fourth quarter of 2012, the largest quarterly...