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Summer slowdown: New data piles more misery on Washington area labor picture

(Matt Rourke / AP)

After June showed some promise, July’s numbers have undercut hopes of a summer turnaround.

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Sequester, round two? Bring it on, this company says

Your morning primer on business news with a focus on Washington.

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CACI is better prepared for government surprises, says chief executive Kenneth Asbury

(Jeffrey MacMillan / Jeffrey MacMillan)

Asbury says healthcare and cybersecurity offer plenty of room for growth to the intelligence contractor.

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CACI reports falling annual sales, profits

(Jeffrey MacMillan / Jeffrey MacMillan)

But global turmoil is already having a positive effect on business, CACI chief executive says.

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McAuliffe announces $2.4 billion projected budget gap in Va.; blames defense cuts

(Bob Brown / AP)

The governor cited defense cuts due to sequestration, especially in Northern Va. and Hampton Roads.

Facing sequester, U.S. released 600 illegal immigrants with criminal records

Immigration and Customs Enforcement made the decision in order to meet its reduction targets during last year’s spending cuts, an inspector general said.

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HumanTouch acquires CorasWorks; Orbital Sciences launches satellites to study space threats

Sole Source: A roundup of contracting news.

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Improved job growth in D.C. area may be sign of healing from sequester’s wounds

Job growth improved in the District, Maryland and Virginia in June, fresh data show.

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Will 2014 be ‘a lost year’ for the Washington economy?

Job growth is scant. The housing market is tepid. A look at why the local economy is underperforming the national one.

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Deficit to dip below $600 billion for first time since recession, White House predicts

(Charles Dharapak / AP)

But although the outlook is good in short term, larger shortfalls are predicted later.