U.S. Defense Secretary Leon E. Panetta meets with Southeast Asian defense ministers at the Association of Southeast Asian Nations, or ASEAN, in Siem Reap, Cambodia, Nov. 16, 2012. DOD photo by Erin A. Kirk-Cuomo
Panetta Tells VOA He Won't Step Down Right Away -- Voice of America
U.S. Secretary of Defense Leon Panetta indicated in an interview with VOA that he does not plan to immediately step down following President Barack Obama's re-election.
Although Panetta has said in the past he did not intend to serve throughout Obama's second term, he said Thursday there are tasks ahead that he wants to tackle, so he will confer with the president later on when he'll resign. He said among other things, he wants to deal with the threat of severe budget cuts, called sequestration, that could happen next year if Congress does not act.
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My Comment: He will leave once sequestration has been resolved, and laying the groundwork to manage it's impact the US defense budget