A United States Marine stands by his post in front of the Pentagon in Washington February 29, 2012. REUTERS-Gary Cameron
Automatic Budget Cuts Could Hit Pentagon Harder This Year -- Reuters
(Reuters) - Months after the U.S. military was hit with a $37 billion budget cut that threw it into turmoil and confusion, the Pentagon is headed into the new fiscal year facing a similar threat that could have even more devastating consequences, officials say.
The budget deal that ended the government shutdown this month let the Pentagon continue spending at an annualized level of $496 billion in the 2014 fiscal year that began on October 1.
That is about $31 billion below what President Barack Obama requested for 2014, but about $21 billion above the caps set by the Budget Control Act of 2011, meaning the Pentagon faces another across-the-board cut unless Congress reaches a new spending deal that changes the law by mid-January.
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More News On The Pentagon Preparing For More Budget Cuts
Analyst: Pentagon Budget Could Drop To $415 Billion -- Aviation Week
CSBA: If Historical Trends Applied, Defense Budget Would Drop to $415 Billion In Drawdown -- Defense Daily
Report says sequester may be new funding ceiling for Pentagon budget -- The Hill
GOP sounds alarm on military sequestration -- The Hill
Pentagon Must Accept Budget Cuts: Expert -- DoD Buzz
Analyst: Historical Trends Suggest Budget Cuts Deeper Than Sequestration -- Defense News
Defense Analyst: ‘Chaotic Time for the Defense Budget’ -- John C. Marcario, Sea Power
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