Pentagon Budget Feels Pinch Already -- PoliticoOverseas war funding will continue to fall under President Barack Obama’s new 2013 budget, and last summer’s debt agreement appears to be driving faster-than-expected cuts in core Pentagon appropriations.
While most attention in Congress remains focused on the threat of a much deeper across-the-board sequester next year, the continued failure to reach agreement on a promised $1.2 trillion deficit reduction package is having more immediate consequences.
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My Comment: We will know all the details on January 26, but the early leaks do not look promising for many Pentagon programs.