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Why Pentagon, Facing ‘Doomsday’ Spending Cuts, Refuses to Plan for Them

The Pentagon is making no plans to prepare for half-a-trillion dollars in mandatory budget cuts scheduled to take effect in less than a year, Defense Secretary Leon Panetta said in testimony Tuesday before the Senate Armed Services Committee.

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Pentagon’s $525B Budget Lists Cuts To Jets, Benefits

An array of military programs, from fighter jets to retiree benefits, would be nicked to squeeze savings in the Pentagon's $525 billion budget for 2013, according to officials and documents released Monday.

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Budget Cuts May Accelerate On War Drawdowns

The election-year defense budget that President Barack Obama will present today is destined to receive a frosty reception in Congress this week, particularly from Republicans.