Timothy R. Homan
Morning Consult
Washington, DC, United States
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Past articles by Timothy:
Finance Brief: Deutsche Bank Reportedly Planning to Cut 10% of U.S. Workforce
By Timothy R. Homan and Ryan Rainey Top Stories Deutsche Bank is planning to cut about 1,000 U.S. investment bank jobs, or 10 percent of its workforce in the United States, according to a person familiar with the matter. The German lender has recently scaled back its U.S. presence, and the company cut around 400 … → Read More
Finance Brief: Fed's Powell Says Housing Finance System 'Unsustainable'
Despite significant reforms in the decade since the Great Recession, Federal Reserve Gov. Jerome Powell said the current U.S. housing finance system is risky for taxpayers given the concentration of mortgages in government-backed agencies Fannie Mae and Freddie Mac. Powell said the current setup is "unsustainable," and he called for changes that would promote greater competition in the market… → Read More
Finance Brief: Fed to Begin Shrinking Crisis-Era Balance Sheet Within Months
The Federal Reserve plans to begin gradually shrinking its crisis-era balance sheet of bonds and other assets. The central bank aims to start unwinding its stimulus program in the coming months, according to minutes from June's meeting of Fed officials. → Read More
Finance Brief: Moderate House Republicans Pump Brakes on Tax Reform Efforts
Twenty moderate House Republicans told Speaker Paul Ryan (R-Wis.) that GOP efforts to overhaul the U.S. tax code could be jeopardized by calls to include significant spending cuts in the fiscal 2018 budget resolution. Congressional Republicans need to pass a budget resolution in order to use a procedural tool known as reconciliation if they want to proceed without Democratic support on tax… → Read More
Big Data Posing Big Challenge for Pentagon
Pentagon spending on so-called big data programs is projected to increase, even if sequestration returns. The real challenge, though, is who will lead the procurement and implementation of these IT initiatives. → Read More
The House Democrat Who’s Itching to Cut Defense
Calling for military cuts doesn’t often win a lawmaker any friends in Congress. → Read More
Visas for Afghan Interpreters Reveal Failing Security
A bipartisan group of lawmakers in Washington is pushing to renew a special visa program for Afghan interpreters who risked their lives working with U.S. forces, an admirable step on the part of Congress but one that also reveals Afghanistan’s deteriorating security environment. → Read More
DOD’s $26.5M Recruiting Drive Crashed and Burned
In 2012, the National Guard spent $26.5 million to sponsor NASCAR as part of a recruiting initiative. Not one person signed up. → Read More
Defense Firms Seek Mergers to Survive Budget Cuts
Persistent defense cuts mean the pool of procurement funds is getting shallower, prompting some middle- and lower-tier firms to seek refuge through mergers and acquisitions and reducing competition further down the line. → Read More
Defense “Earmarks” Squander $1.6 Billion a Year
Despite a congressional ban on earmarks, lawmakers are still finding ways to direct federal funds to pet projects, according to a report from Citizens Against Government Waste. → Read More
Veterans Say Enough Is Enough: VA Chief Must Resign
The longest-serving Veterans Affairs secretary has overstayed his welcome, at least in → Read More
Putin Could Give U.S. Defense Contractors a Boost
Russia’s actions in Ukraine have led to a literal call to arms in the West, to the benefit of defense contractors. → Read More
Better Job Prospects for Nation’s Younger Veterans
Job prospects are improving for recent veterans, with the unemployment rate for post-9/11 vets falling to the lowest level since November 2008. → Read More
D.C. Marijuana Bill Faces Congressional Scrutiny
The marijuana movement’s momentum may hit a roadblock next week as a Republican-led House panel examines a pending law approved by the District of Columbia that would decriminalize possession of small amounts of marijuana. Congress has the power to block the local law. → Read More
Pentagon Asked to Review Competition for F-35 Engines
Sen. Carl Levin (D-MI) floats the idea of introducing another manufacturer to help bring down engine costs for the F-35, the Pentagon’s most expensive weapons system. → Read More
US Failed to Stop a Record High Afghan Opium Crop
Despite $7.5 billion spent on counternarcotic programs in Afghanistan, the world’s largest illicit opium producer is on track for another bumper crop. → Read More
Pentagon Plays Catch-Up with Cloud Computing
Despite accounting for about half of U.S. discretionary spending each year, the Pentagon’s expenditures for cloud computing services is a fraction of the amount spent by civilian agencies. → Read More
House Panel Doesn’t Want Pentagon to Save $15 Billion
House lawmakers don’t want the Pentagon to spend less money, at least when it comes to → Read More
Pentagon Sharpens Its Pencils to ‘Shop Like a Pro’
The Pentagon’s efforts to further reform its acquisition programs face uncertainty as sequestration looms over multiyear contracts. → Read More
Pentagon Planning $11 Billion Medical Records Revamp
After more than 7.5 million people signed up for private health coverage under the → Read More