News

Federal Reserve Clarifies Account Access Guidelines for Excess Balance Accounts Washington, D.C. (December 11, 2024) – The Federal Reserve Board (FRB) today provided a technical clarification that its account access guidelines apply to excess balance accounts (EBAs). EBAs are accounts held by depository institutions at the Federal Reserve that exceed the institution’s required reserve balance. … Read more

Cyber Command Chief Discusses Challenges of Getting Intel to Users December 9, 2024 – The head of U.S. Cyber Command discussed the challenges of getting intelligence to users in a rapidly evolving threat landscape at a conference in Washington, D.C., on Thursday. “The challenge is not just collecting intelligence, but getting it to the people … Read more

Defense Space Programs Face Dependence on Foreign Software Developers, Threatening Domestic Security (Washington, D.C. – December 9, 2024) Defense.gov reports that the Department of Defense (DoD) is facing a critical shortage of domestic software developers, leaving the nation’s defense space programs dangerously reliant on foreign entities. This dependence poses significant risks to national security and … Read more

Austin Thanks Carrier Crew for Bringing Capability to Indo-Pacific Region Secretary of Defense Lloyd J. Austin III thanked the crew of the Nimitz-class aircraft carrier USS Abraham Lincoln for their service and dedication during a visit to the ship at Naval Air Station North Island in San Diego, California, on Dec. 9, 2024. “You are … Read more

Adversarial Convergence Raises Alarm, Warns SOCOM General at Reagan Defense Forum December 10, 2024 SIMI VALLEY, Calif. — Adversarial convergence, the alignment of interests and capabilities between state and non-state actors, poses a significant threat to U.S. national security, according to U.S. Special Operations Command (SOCOM) General Richard D. Clarke. Speaking at the Reagan Defense … Read more

U.S.-UK Defense Dialogue Highlights Shared Goals and Strengthened Partnership Washington, D.C., December 9, 2024 – Deputy Secretary of Defense Kathleen Hicks met with UK Permanent Under Secretary for the Ministry of Defence David Williams today at the U.S.-UK Defense Dialogue. The dialogue focused on shared goals, mutual challenges, and opportunities to strengthen cooperation between the … Read more