Sequester Cuts Funds for Memorial Day Parade

Image: Sequester Cuts Funds for Memorial Day Parade

Friday, 10 May 2013 11:28 AM

By Courtney Coren

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Organizers of the National Memorial Day Parade are insisting the annual event will go on as planned despite a dearth of sponsors this year.

Several defense contractors who have financially backed the annual showpiece have pulled out citing cuts included in the government sequester, Garrett Marquis, of the American Veterans Center told The Washington Post.

"They say they can't this year because their funding has been cut back by the Defense Department," he said.

The Defense Department is bearing half of the $85 billion in budget cuts this fiscal year, and as a result does not have as much money for contracts.

Boeing, one of the parade's sponsors says that sequestration was not the reason for pulling its funding, but that the company decided to put money toward other causes.

"We decided not to renew our sponsorship," said Boeing spokesman Dan Beck. "We continually evaluate our sponsorship commitments around the world."

The Americans Veterans Center is turning to individuals in hope of raising enough money to cover parade expenses. It needs $400,000 for the May 27 parade and has raised a little more than half of that, Marquis told The Post.



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Northern California Wildfire Burns 100 Homes

Monday, 15 Sep 2014 22:38 PM

A fire driven by fierce winds raced through the small town of Weed, Calif., near the Oregon border on Monday, burning a  . . .

Senate Holds Hearing on DC Statehood

Monday, 15 Sep 2014 21:06 PM

In a renewed push to grant statehood to Washington, D.C., a federal hearing was held Monday for what some hope is the st . . .

James Foley's Parents 'Disappointed' Obama Next Played Golf

Monday, 15 Sep 2014 20:57 PM

James Foley's parents say they were "disappointed" when President Barack Obama hit the golf course just minutes after ma . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved