Shipyard workers await the arrival of U.S. President Barack Obama to speak at Newport News Shipbuilding in Newport News, Virginia February 26, 2013. Obama is visiting the shipyard to highlight the impact the sequester will have on jobs and middle class families. The cuts fall evenly on non-defense and defense spending, with states like Virginia, heavily dependent on Pentagon contracts, expected to be hardest hit.
The defense economy and American prosperity
August 17, 2015
On August 17, the Foreign Policy and Economic Studies programs at Brookings hosted a discussion of the American economy and the role that defense industry could play in the nation’s continued recovery. Panelists included Ben S. Bernanke, distinguished fellow in residence, and Mark Muro, senior fellow and policy director of the Metropolitan Policy Program. Michael O’Hanlon, co-director of the Center for 21st Century Security and Intelligence, also participated and moderated the session.