Quote of the Day
"The U.S. economy expanded at a faster clip than initially forecast in the third quarter, helped by more robust consumer spending and by stronger exports. The economy grew at a 2.5% annualized pace in the quarter, revised up from the initial estimate of 2.0%, the government said in its second estimate of quarterly gross domestic product. GDP growth was 1.7% during the second quarter.”
- Wall Street Journal’s MarketWatch, 11/23/2010
For Release: December 20, 2001
Contact: David Gillies: 202-225-5661
HOUSE APPROVES DEFENSE PROJECTS
Washington - U.S. Congressman Jerry Costello (D-IL) announced today that the full House of Representatives has approved funding for projects in the 12th Congressional District as part of the Conference Report on Defense Appropriations for Fiscal Year 2002. This is the final version of the legislation which is expected to be signed into law after approval by the Senate.
"These projects contribute to our national security as well as the regional economy," said Costello. "I am pleased that we have completed consideration of this important legislation."
The projects include:
* $2 million for Saboted Light Armor Penetrating (SLAP) military ammunition for heavy machine guns, which is manufactured by the Olin Corporation in East Alton.
* $24 million for M919 ammunition for the Bradley Fighting Vehicles 25mm Bushmaster cannon, which is loaded, assembled, and packed by General Dynamics in Marion.
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