Latest news with #TechnoMile
Yahoo
5 days ago
- Business
- Yahoo
TechnoMile and Carahsoft Partner to Bring Market Intelligence Solutions to Federal Contractors
TechnoMile's GovSearchAI and GovSearch NoticesIQ solutions now available to the Public Sector TYSONS, Va. and RESTON, Va., June 4, 2025 /PRNewswire/ -- TechnoMile, a leading provider of transformative, AI-enabled cloud solutions that empower companies to find, pursue, win and retain more business with the Government from go-to-market through contract closeout, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership. Under the agreement, Carahsoft will serve as TechnoMile's value-added reseller, making the company's AI-powered solutions for Federal opportunity and market intelligence and streamlined management of task order notices available to Carahsoft customers in the GovCon and aerospace and defense sectors. "We are thrilled to partner with Carahsoft to make TechnoMile's GovSearchAI and GovSearch NoticesIQ solutions available to Carahsoft's network of Government IT solution providers," said Billy Biggs, Chief Revenue Officer and President at TechnoMile. "With efficiency improvements and technology modernization top of mind in today's Federal marketplace, Government contractors are actively seeking innovative tools, including TechnoMile's solutions, that will enhance their organizations' ability to operate efficiently and deliver maximum value to their agency customers." GovSearchAI is TechnoMile's AI-enabled opportunity and market intelligence platform that consolidates and enriches data from top Federal sources and identifies best-fit opportunities for Federal vendors. This enables contractors to efficiently fill their pipelines and analyze customers, competitors, and partners to sharpen win strategies. GovSearch NoticesIQ is TechnoMile's solution for management of task order opportunities that unifies contractors' task order notices into a single workstream and uses agentic AI to help teams rapidly qualify incoming new notices and maximize the revenue potential of their contract vehicles. "Our partnership with TechnoMile enhances Carahsoft's robust portfolio of Government solutions, allowing us to offer specialized AI-powered tools designed specifically for the Government contracting process," said Edward Walinsky, Sales Director and GovCon Vertical Lead. "By making TechnoMile's GovSearchAI and GovSearch NoticesIQ available through our reseller network, we're enabling Government contractors to identify and pursue Federal opportunities more efficiently, ultimately supporting agencies in fulfilling their missions with innovative, cost-effective solutions." For more information, contact the TechnoMile Team at Carahsoft at (888) 662-2724 or sales@ or visit About TechnoMile From go-to-market to contract closeout, TechnoMile provides transformative, AI-enabled cloud solutions that empower companies to find, pursue, win, and retain more business with the government. Using TechnoMile's best-in-class cloud platform, companies optimize BD and capture processes, source market and contact intelligence, automate and de-risk the contract lifecycle, foster stronger relationships with partners/suppliers, and gain an information advantage that elevates enterprise performance. TechnoMile serves more than 250 clients ranging from growing small businesses, to mid-market organizations, to Fortune 500 companies, including over half of the top 10 federal defense contractors and 70 percent of the top 10 IT government contractors. For more information about TechnoMile, visit or follow us at TechnoMile Media ContactShayne Forsyth, VP of (832) 215-5692 About Carahsoft Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for GovCon, Cybersecurity, MultiCloud, DevSecOps, Artificial Intelligence, Customer Experience and Engagement, Open Source and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at Carahsoft Media ContactMary Langepr@ 230-7434 View original content: SOURCE TechnoMile
Yahoo
25-05-2025
- Business
- Yahoo
Government Spending Is Up Despite DOGE Cuts — Here's What That Means for the Economy and Your Wallet
The Department of Government Efficiency (DOGE) was created to slash waste and reduce federal spending, but so far, the opposite has happened. Be Aware: Try This: According to U.S. Treasury Department data, total government spending has increased by 9% or $340 billion since last year. Despite headline-making cuts, the effects are already showing up in the economy and everyday life. Here's what that means for your wallet. Launched in February under President Donald Trump and led by Elon Musk, DOGE was billed as a bold plan to eliminate government waste. Its mission: cut costs, automate outdated systems and reduce the federal workforce. DOGE officials tout $170 billion in savings through agency closures and layoffs as of late May. However, critics warned early on that these cuts targeted only a fraction of the budget, leaving deeper drivers of spending untouched. 'We've seen that DOGE has terminated contracts for convenience, cut services related to climate and DEI, and started to examine larger services providers,' said Kevin Brancato, senior vice president of product strategy at TechnoMile. 'But DOGE has learned something over the past four months: Terminating contracts for convenience is difficult and time consuming.' Read Next: Despite DOGE's cuts, overall government spending has increased. DOGE focused on discretionary spending, which makes up less than 30% of the total budget, according to the Center on Budget and Policy Priorities. Most of the federal spending lies elsewhere. 'The largest spending increases are concentrated in entitlement programs, defense and infrastructure, with the FY2024 defense budget alone exceeding $850 billion, reflecting heightened geopolitical tensions and long-term strategic investments in military modernization,' said Sean Jasso, an economist at Pepperdine Graziadio Business School. In addition, a National Public Radio (NPR) review of DOGE's website found that many of its initial savings claims were inaccurate, overstated or typos. Nevertheless, the savings DOGE promised are outweighed by rising obligations and the ripple effects of rushed downsizing. Rising government spending can stimulate short-term economic growth, especially in sectors like defense and tech. However, when that spending is driven by growing deficits, like the $196 billion deficit increase reported by the Congressional Budget Office this year, it raises long-term risks. George Carillo, a former state health official now serving as the CEO of the Hispanic Construction Council, said for average Americans, such spending shifts could be a mixed bag. 'The good news is that money going into infrastructure and healthcare might mean smoother commutes, better internet or more affordable medical care,' Carrillo said. 'The tough part is that higher spending could eventually lead to higher taxes, especially if leaders decide to tackle the growing national debt.' For everyday Americans, these shifts can hit close to home. Cuts to education, healthcare programs and local services may limit access to critical resources. At the same time, rising federal deficits could lead to higher taxes and inflation down the line, which could reduce purchasing power. 'Long term, we are going to have to get coherence between our spending and revenue,' said Tim Rosenberger, a legal policy fellow at the Manhattan Institute. 'The best-case scenario is probably finding a way to spend less on services without Americans experiencing a decline in service.' Experts said the real test will be whether future budgets tackle the big drivers of federal spending, like Social Security and Medicare, or continue to trim around the edges. Chris Motola, a financial analyst at National Business Capital, pointed to the 'Big, Beautiful Bill' recently passed by the House, which includes an increased standard tax deduction and tax exemption on tips, 'all of which will put some money back in pockets while raising the deficit,' he said. 'On the other hand, we're also looking at cuts to regulatory agencies and some forms of financial assistance.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates These Cars May Seem Expensive, but They Rarely Need Repairs This article originally appeared on Government Spending Is Up Despite DOGE Cuts — Here's What That Means for the Economy and Your Wallet Sign in to access your portfolio
Forbes
23-04-2025
- Business
- Forbes
Canada's Elections Will Be The First Verdict On Trump's Tariffs
EDMONTON, CANADA - JANUARY 30: A person prepares to fill up a fuel tank at a pay-at-the-pump ... More gasoline station in Edmonton, on January 30, 2025, in Edmonton, AB, Canada. U.S. President Donald Trump announced today that he would proceed with his plan to impose a 25% tariff on imports from Canada, a decision that could significantly disrupt Canada's economy, given the close economic ties between the two nations, with daily exports to the U.S. totaling $1.9 billion in goods and services. (Photo by Artur Widak/NurPhoto via Getty Images) Canada will elect a national leader on April 28, 2025, an election heavily influenced by Donald Trump's decision to impose a 25% tariff on all Canadian imports and his remarks about making it the 51st state. Now, Canada is examining the relationship. Trump will ostensibly implement his tariffs on Canada to curb illegal immigration and the flow of fentanyl into this country, although the numbers on both counts are nominal. While the neo-colonial comments have enraged our northern neighbors, the tariffs threaten the livelihoods of both Americans and Canadians and, specifically, those tied to the energy sector. The election's outcome will have profound implications for both countries. If the current prime minister, Mark Carney, wins, he has promised severe economic retaliations—effectively restructuring their domestic economy and international trade partnerships to minimize American ties. Conversely, if the conservative candidate Pierre Poilievre wins, we can expect a more conciliatory approach. 'Economists almost universally support free trade,' which means 'no tariffs, quotas, or any other restrictions on the domestic or international flow of goods and services," says Kevin Brancato, an economist and senior vice president for TechnoMile, which serves industry and provides cloud platforms. He adds that the tariffs may be a negotiating tactic, not a substitute for the roughly $2.14 trillion collected from income taxes. His comments came during a virtual press event held by the United States Energy Association, where I participated as a panelist. The tariffs would adversely affect both Canada and the United States. According to the Canadian Chamber of Commerce, a 25% tariff could reduce Canada's gross domestic product by 2.6% and cost Canadians $2,000 annually. Inflation could rise to 7.2%, and unemployment rates might reach 7.9%. The same measures will hurt this country, too, including price hikes, lost jobs, and potentially higher interest rates to dampen inflation—now expected to rise by at least 0.8% and 2.2% over time. Meanwhile, investors are now demanding higher interest rates on Treasury notes, which have long been viewed as safe investments but are now considered risky. All of this could lead to a recession later this year. Mark Carney, Canada's prime minister, speaks during a news conference in Ottawa, Ontario, Canada, on ... More Thursday, March 27, 2025. Carney says Canada will fight back against President Donald Trump's trade war and his tariffs on the auto sector, but he did not outline any new retaliatory measures against the US on Thursday. Photographer: David Kawai/Bloomberg Trump wants to deal with this mess by pressuring the U.S. Federal Reserve—the central bank—to lower interest rates. He's previously questioned whether Chairman Jerome Powell or Chinese Premier Xi is the 'bigger enemy' of the United States, and now says he has the right to fire to Powell. However, tariffs mean higher prices, so the central bank would be hard-pressed to lower interest rates. Rather than blaming the fed chair for our economic issues, Trump should consider canceling the tariffs. That would require the president to swallow his pride; he can't ever admit defeat because it is not befitting of his brand. However, The Atlantic points out, Trump loses either way. If he appoints a crony to run the Federal Reserve, investors will flock to the Euro, raising borrowing costs and creating financial chaos in this country. "The only thing worse than tariffs is uncertainty. Canada's mood is clear: This is a different era," and we can't trust the American government, says Marcum Hislop, CEO of Energi Media, Canada, during the virtual press event. "There's a sense that this is a rupture. Our products have natural markets in Asia and Europe.' Manitoba's Premier Wab Kinew recently announced the utility, Manitoba Hydro, will not renew two contracts with Minnesota for the export of 500 megawatts of electricity. This decision is part of a larger strategy to decrease Canada's reliance on the United States and to enhance its energy infrastructure. Furthermore, Canadian leaders are emphasizing the need to build an east-west energy transition system—not one that goes north-south, which is into the United States. Prime Minister Carney has said that the traditional relationship between the United States and Canada is "over," noting that the east-west integration of his nation's grid is vital and will allow hydroelectricity, wind, and solar power to flow more easily across Canada. The tariff regime leaves this country worse off. Beyond those levies, Trump threatens to cut funding for clean-tech research—a move that will hinder American leadership, slow domestic innovation, and reduce export potential. Moreover, Europe and China will step in and fill the void. Major clean-tech producers in Europe, such as Siemens, Gamesa, Northvolt, and Vestas, are scaling up and preparing to meet global demand. Welder making boilers for a ship, Combustion Engineering Co., Chattanooga, Tenn. Artist Alfred T ... More Palmer. (Photo by Heritage Art/Heritage Images via Getty Images) Economies evolve, and we're currently in a green revolution, with digital technologies facilitating this transition. The old factory jobs are gone. The 21st-century economy is here—and it's not going away, creating jobs in renewable energy, data centers, and artificial intelligence. Fanning the flames of resentment is shortsighted, as is trying to dodge change. "We're not talking about enough about this question—where we're losing the economic innovation we have had in clean-tech for the last 10 years. If that happens, it will shift to Europe," says Jason Rodriguez, CEO and Co-Founder of Zpryme and Froliq. 'And, the pain in Europe is way higher than in the U.S. to come up with new solutions because of their dependency on Russian natural gas—even the potential dependency on U.S. LNG,' adds Jan Vrins, partner Partner, Clarum Advisors. The threat of tariffs has already done significant damage to the U.S. economy: The S&P 500 has lost more than 12% in value since Trump first introduced them, while the Dow Jones has fallen by 10%, and the Nasdaq has declined by 19%. That equates to nearly $6 trillion in lost market value. A Bank of America survey of fund managers shows record pessimism toward U.S. assets at 30-year lows. This begs the question of whether trade surpluses and deficits are a matter of national security or whether Trump should be able to unilaterally enact tariffs because we buy more from other countries than they buy from us. Most economists, not to mention our allies, call this a smokescreen for protectionism. Economists also say a trade deficit is not inherently harmful and certainly not a threat to national security. The United States is the wealthiest country in the world and, thus, has more money to buy things. It also suggests a strong dollar and more purchasing power. In any case, it generates prosperity wherever the money is spent—dollars that return to the United States when they purchase our goods. However, the language of the statutes is vague, which compels the courts to defer to the executive branch. As a result, Trump can bypass Congress. But the president can't ignore the reality—that his policies are creating pain both at home and worldwide. Canada's national election is a test case, and the outcome will speak volumes.
