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Pentagon slows contractor payments ahead of sequestration
The Defense Department halted its policy of faster payments to all prime contractors to conserve cash before automatic sequestration cuts. The change, effective March 1, aims to boost available funds by several billion dollars, though some small businesses with direct contracts may still receive faster payments.
MENTIONED IN THIS ARTICLE
Washington
Defense Department
Pentagon
Richard Ginman
Defense Procurement and Acquisition Policy
Larry Allen
Allen Federal Business Partners
McLean
Allen
Maureen Schumann
Barack Obama
White House
Office of Management and Budget