department of defense

Predatory Lenders Put U.S. Soldiers in the Crosshairs

Members of America's military face threats around the world every day, but it's a domestic threat that has the top brass on the offensive on the home front -- predatory lenders. Here's how the Department of Defense is fighting back.

Military Base Closures Take a Big Toll on Local Housing Markets

Unlike the military base closures that occurred in the 1990s, the 20 bases that the government is scheduled to close next year come at a time of great economic uncertainty. Not only will the closures take a toll on already-suffering local economies but it could also send real estate markets in those areas spiraling further downward.

Castle Air Force Base Learns a Hard Lesson in Reinvention

When the government closed California's Castle Air Force Base, the future looked grim for nearby Merced County. Yet, even though the area's unemployment and foreclosure rates are among the highest in the nation, the community is starting to stage a comeback.

Military Base Closures and the Towns They Leave Behind

The U.S. will close 20 major military bases by September 2011. What happens then depends on the base's location. But the ripple effect is always felt throughout the surrounding area. And often, families lose neighbors, businesses lose customers, and workers lose jobs.

Pentagon to KBR: Cut workforce in Iraq

The Iraq war is getting too expensive, according to Defense Department auditors, and KBR is part of the problem. The contractor faces close to $200...