Tuesday, January 8, 2013

Fiscal Cliff Deal Means That The Pentagon Is Facing $45 Billion In Cuts

An aerial view of the Pentagon Building in Washington. (REUTERS / June 15, 2005)

New Year's Deal Left Pentagon Facing $45 Billion In Cuts: Comptroller -- Reuters

The New Year's Day law that delayed across-the-board cuts in U.S. defense spending by two months also trimmed the size of the reduction for the 2013 fiscal year by about $17 billion, the Pentagon's chief financial officer said on Monday.

Defense Department Comptroller Robert Hale said the cuts that would be required in March if Congress is unable to agree on a compromise alternative would be roughly $45 billion under the new law, versus about $62 billion earlier.

The new amount would be about 9 percent of the Pentagon's budget for 2013, versus about 12 percent under the previous law, Hale said in remarks at the Brookings Institution think tank.

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More News On The Pentagon Facing $45 Billion In Cuts

New Year's deal left Pentagon facing $45 billion in cuts: comptroller -- Reuters
Threatened delay in defense budget adds to planners’ uncertainty -- Government Executive
Hale: Fiscal Cliff Deal Reduces Funding Blow to Defense -- Defense News
Defense industry fears sequestration delay won't stop Pentagon cuts -- The Hill
Defense Budget Cuts of $45 Billion Seen by Pentagon -- Bloomberg
Pentagon cuts could 
idle civilian defense 
workers by thousands -- Washington Times
Fog Thickens Around Pentagon Budget
-- National Defense
Defense Spending Cuts Threaten 10% of Pentagon Budget -- Townhall
Time is ticking for DOD to submit 2014 budget, even though this year remains in limbo (with links) -- al.com

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