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Lux Capital Raises $1.5 billion for Its Largest Ever Fund

Venture firm Lux Capital raised $1.5 billion for its ninth fund — the largest in its more than 20-year history — with plans to back more companies that focus on fields like breakthrough science and national security.

By Lizette Chapman

Lockheed Strikes Deal to Triple Output of Patriot Missiles

Lockheed Martin Corp. struck a tentative deal with the Pentagon that’s meant to triple production of its Patriot air-defense missile, part of a broader US push to speed up weapons output and meet global demand for a highly sought-after weapons system.

K&L Gates Builds Austin Public Policy Work With Partner Wright

Kate Goodrich Wright joined K&L Gates as a partner in its public policy and law practice in Austin, the firm announced Tuesday.

Prism Maritime Retains $223 Million Navy Engineering Contract

Prism Maritime LLC can proceed with a $223 million contract to provide the US Navy with alteration installation team services and in-service engineering support, the GAO said in a decision released Tuesday.

ICE Orders $85,000 of Winter Parkas for New Minnesota Crackdown

The Department of Homeland Security is spending about $85,000 on parkas for what it calls an “urgent enforcement mission” in Minnesota, where federal agents have fanned out for a monthlong immigration crackdown in the middle of winter.

Trump’s Immigrant Vetting Squeezes Employers, Pushes Out Workers

Tens of thousands of immigrant workers in the US could be forced out of their jobs early in 2026 as President Donald Trump’s new employment restrictions hit the labor force.

Medicaid Payment Firm Escapes Whistleblower’s False Claims Suit

A whistleblower failed to convince a federal appeals court that a lower court wrongly granted summary judgment in his False Claims Act lawsuit against Health Management Systems Inc.

House Targets $20 Million Budget Cut and New Oversight for EEOC

The EEOC’s budget would be cut by nearly $20 million and the civil rights watchdog would need to inform Congress before taking on future reorganizations under a bipartisan House spending bill set for a vote this week.

Spending Deal Revives Funds to DOJ ‘Peacemakers’ Office, Grants

Congressional spending leaders agreed to restore funding for the Justice Department’s dismantled “peacemakers” office and pour money into grant programs targeted by President Donald Trump’s administration.

BGOV Hill Watch: Congress Begins 2026 With ACA, Spending Fights

Lawmakers return to Capitol Hill this week having expected to pick up where they left off in December: arguing over health-care costs as Affordable Care Act premiums rise and scrambling to avert another government shutdown by Jan. 30.