Pentagon And Its Supporters Brace For Deeper Cuts -- ReutersThe Pentagon and its supporters are bracing for the likelihood of much deeper reductions in the U.S. military's budget, as budget negotiators now eye defense cuts of $800 billion or more over the next decade.
With talks intensifying ahead of an August 2 deadline to raise the debt limit, lawmakers hoping to shape an overall budget deal have advanced proposals that would cut defense spending by more than double the $400 billion President Barack Obama proposed just three months ago.
Some proposals call for as much as $1 trillion in cuts over the next decade.
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