Rumors Fly That OMB Tells Pentagon To Ready $100 Billion More Cuts
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Washington: The Pentagon email traffic is burning up with whispers that the White House has told the Pentagon to plan for an additional $100 billion in cuts for 2013. The planning guidance was reportedly issued to insure that the Pentagon would be ready should the Super Congress fail to implement $1.2 trillion in cuts and… Keep reading →
Defense Companies Circle the Budget Wagons
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Washington: The military-industrial complex has long been a subject of myth and supposition but it is soon going to become much more substantial. The powerful Aerospace Industries Association is joining with the top defense companies to blunt the push for major defense cuts. My colleague Jim Wolf, of Reuters, broke the story about what several… Keep reading →
‘Super Congress’ Must Cut Pentagon Pay, Benefits
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Military pay and benefits must be cut by the new congressional “super committee” as it begins its quest to find $1.2 trillion to cut from the federal budget, a panel of experienced budget experts said today. Pushing through any package of cuts, the panel members said at the Brookings Institution, will be incredibly difficult and… Keep reading →