With the national economy in a deep recession and the Obama administration putting billions of dollars into recovery and bailout programs, venture capital firms are simultaneously cautious about new investments and guardedly optimistic about the future.
More than two dozen federal contractors guilty of fraud and illegal activity still managed to win millions of dollars in contracts, according to a new GAO report.
The House and Senate versions of President Barack Obama's economic stimulus package contain more than $70 billion in proposed information technology spending.
Contractors doing business with state and local governments should expect to see $4.5 billion worth of new information technology opportunities from the proposed economic stimulus package, according to Input Inc.
The budget shortfall situation presents an opportunity for information technology contractors to step in and sell innovative concepts and approaches to states that will generate revenue and drive efficiencies that result in substantial savings, they said.
A $30 billion investment in information technology in a government-led economic stimulus package would create about 949,000 U.S. jobs, according to a new study.
The Special Inspector General for Iraq Reconstruction issued a massive report in December, which concluded that the U.S. engagement in Iraq was marked, and to an extent doomed, from the beginning by an under-resourced and undermanned infrastructure.
Democrats on the House Appropriations Committee have released an itemized list of new federal programs that might receive a portion of the $825 billion proposed stimulus plan.
State and local governments might slash as much as $30 billion from their cumulative spending on information technology services over the next five years, according to Input Inc.
