House Democrats to introduce bill clawing back border wall funds [Reuters]
Lockheed Martin Corporation (LMT)
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Source: Reuters
House Democrats to introduce bill clawing back border wall funds WASHINGTON (Reuters) - Democrats in the U.S. House of Representatives are working on new legislation that would “claw back” funds the White House took from the Pentagon’s budget to fund construction of a wall on the U.S.-Mexico border, the chairman of the House Armed Services committee said on Thursday. The legislation would aim to restore $3.8 billion back to the Pentagon’s weapons procurement and National Guard budgets. “They robbed the bank and now they are running away with the money,” Democratic Representative Adam Smith, who chairs the committee, told reporters. The Trump administration has vowed to build at least 400 miles (640 km) of wall along the border by November 2020. In his 2016 election campaign, Trump said Mexico would pay for the wall. The Mexican government has consistently refused to do so. The bill is being discussed with the staff of top Republican on the Armed Services Committee, Representative Mac
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LMT
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- 10/22/24 - Beat
LMT
Sec Filings
- 11/13/24 - Form 8-K
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- 10/22/24 - Form 10-Q
- LMT's page on the SEC website