U.S. Defense Cuts Could Cost 1.5 Million Jobs: Lawmaker -- Vancouver Sun/Reuters
WASHINGTON, Dec 13 (Reuters) - U.S. defense cuts that begin in the 2012 budget will ultimately cost up to 800,000 jobs, and additional spending reductions could push that figure to 1.5 million over the next decade, a top Republican lawmaker testified on Tuesday.
Representative Buck McKeon, chairman of the House Armed Services Committee, said his panel estimated the initial $489 billion in defense cuts approved by Congress would cost 100,000 military jobs, mostly Army and Marines, as well as 200,000 civilian defense jobs and 500,000 defense industry positions.
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MILITARY AND INTELLIGENCE NEWS BRIEFS
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