Senator John McCain, the top-ranking Republican on the Senate Armed Services Committee, says he...

|By:, SA News Editor

Senator John McCain, the top-ranking Republican on the Senate Armed Services Committee, says he would move to block Pentagon payments to defense contractors facing layoff-related expenses from automatic budget cuts set to begin in January. He accuses President Obama of “telling contractors to ignore the law” so that layoff notices wouldn’t be delivered before the election. On Monday, Lockheed Martin (LMT) did just that after receiving personal assurances from the White House.