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Why Lockheed Martin Stock Dropped Today
Source: fool.com
Elections & Domestic PoliticsFiscal Policy & BudgetInfrastructure & Defense
Democrats won control of both chambers of Congress in the midterm elections. The Pentagon is preparing for a proposed defense budget request to be reduced from a record $1.5 trillion to $1.1 trillion, a $400 billion decrease; the article does not say the reduction has been enacted.
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