News
Defense Spending Continuing Resolution Looms
Prospects for wrapping up the defense spending bill for fiscal 2012 by the Dec. 16 deadline are dimming.
Republicans See Opportunity To Beat Obama With Pentagon Cuts
The potential for $1 trillion in cuts to the defense budget is thrusting the issue of national security back into the spotlight of the 2012 presidential race. The cuts, set for January 2013, could also turn a strength into a vulnerability for President Obama, who has more to brag about when it comes to security and foreign affairs than the economy.
Analyst: Weapons Programs Easiest Target for Defense Budget Cuts
As the Pentagon eyes programs to face the budget axe, weapons programs will be the easiest targets for quick cuts, a budget analyst said Wednesday.
Fight Is Just Beginning Over Cuts In Defense
The failure of the supercommittee to reach a deficit deal will likely trigger what Defense Secretary Leon Panetta has called a "doomsday" scenario for the Pentagon: sweeping cuts that would reduce military spending by a total of around $1 trillion over the next decade. But if it's an apocalypse, it will be one in slow motion. Defense officials and budget experts say the stage is now set for a prolonged fight in Washington over the specific items to be cut. And the Pentagon has room for some creative accounting that could help soften the impact of the across-the-board budget cuts.
‘Supercommittee’ Failure Prompts Fear of ‘Devastating’ Pentagon Cuts
Defense Secretary Leon Panetta has warned that possible budget cuts triggered by the breakdown of the congressional “supercommittee“ would have devastating consequences, but many skeptics question whether such dire predictions are an exaggeration.
Hollowed Out Military or Empty Threats?
Defense Secretary Leon Panetta says the cuts would terminate the military’s next generation fighter jets, cut the submarine fleet, and leave America with its smallest ground force since World War II /.../