On Wednesday, Mitt Romney campaigned in Iowa for the fifth time this year, raising his flag a bit higher in the state that begins the presidential nominating process with its caucuses on Jan. 3. He also defended a controversial campaign ad running in another early-voting state, New Hampshire.
The presidential candidate is getting lots of attention for his remarks about immigration in the latest GOP debate. But his statements are actually in line with the positions of Republicans from years past — Ronald Reagan included — and may help attract Latino votes.
Even as Congress' deficit-reduction supercommittee ran into a dead end this week, the resulting mandatory spending cuts were immediately targeted by interest groups and sympathetic lawmakers. No interest group stands to lose more than the defense industry.
The Pentagon faces significant cuts in its budget — no matter whether the congressional supercommittee succeeded or failed at finding more ways to reduce the federal deficit. The military plans to cut nearly $500 billion from its budget. One place to look for cuts: in the Army and also the Air Force's stealthy and pricey F-35.
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