Small Businesses to Feel Crunch as Spending Declines

March 22, 2012

A panel of lawmakers has recommended increasing the 23 percent contracting goal because of the foreseen decline in government spending.

"There is a fear that the decrease will be disproportionately borne by small businesses," according a report from the House Armed Services Committee's Panel on Business Challenges Within the Defense Industry.

The panel wrote that less spending will affect the health of the defense industrial base and pose challenge to the economy as a whole. 

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