Business Excellence Awards
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By PBN Staff
Last week President Barack Obama’s budget proposal included $25 billion less in spending on weapons and research for the Defense Department, with the possibility that some of those cuts would affect three major Rhode Island employers - Electric Boat, Raytheon and Textron.
One reason for the trims is the need to rein in federal spending. The question for Rhode Islanders is, which is more important, bringing federal spending down or keeping the federal contracts going at the same levels so more Rhode Islanders can find jobs?