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Sanmina-SCI 2Q profit in line; outlook disappoints

Electronics manufacturer Sanmina-SCI Corp. on Monday reported improved second-quarter net income, although the company said it was "disappointed" in its revenue and profit margins. Softness in the company's business was led by weakness in the communications market and a delay in defense spending, it Full story

Earnings Preview: Northrop Grumman

Northrop Grumman Corp., the defense and aerospace giant, reports its first-quarter results before the market opens Wednesday. Full story

Has Gulf coast rebounded economically?

   Actor Ted Danson and The Daily Beast's Tina Brown join Morning Joe to discuss cuts to defense spending, the one-year anniversary of the BP Gulf oil spill, a spike in oil prices, and investing in alternative energy sources.

Philippines probes charge generals stole millions

The Philippine justice secretary promised Tuesday that allegations that senior generals plundered military coffers for millions of dollars would be promptly investigated to prevent the scandal from seriously damaging one of Asia's poorest militaries. Full story

Pentagon warns on big defense cuts

The United States may have to scrap some military missions and trim troop levels if President Barack Obama sticks with his goal of saving $400 billion on security spending over a 10-year period, the Pentagon said on Wednesday. Full story

Pentagon: Obama budget would cut forces, missions

The Pentagon says the president's goal to slash another $400 billion from defense spending over the next 12 years cannot be done without cutting military forces and their ability to protect U.S. security. Full story

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Spending cuts bill hits defense and foreign aid

Swedish think-tank: Global arms spending slows

Global military spending hits high but growth slows

Lockheed won't furlough workers if government shuts

Poll: Public prefers cutting defense spending

East-West military gap rapidly shrinking: report

Neighbors fret as China boosts defense budget

Obama official: New budget won't be pain-free

Defense leaders warn of impact of budget cuts

Egypt turmoil shows needs for defense spending: NATO


  The budget: What would Bachmann do?

U.S. Rep. Michele Bachmann, R-Minn., tells TODAY’s Matt Lauer she is not in favor of raising taxes to cut the deficit and that no spending cuts should be off the table, including defense spending and social security.