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Sequester’s Bite Delayed By Money in the Pipeline

On the same July day that Lockheed Martin Corp. chief executive Robert J. Stevens warned the House Armed Services Committee about the dangers of imminent across-the-board cuts in the Pentagon budget, he amplified the point in a letter to his workforce, warning that the company might let 10,000 employees go if the spending sequester takes effect/.../

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U.S. Leads Biggest Gulf Mine Exercise in Signal to Iran

The U.S. and 29 other nations have begun the biggest mine-clearing exercise in the Persian Gulf region, a show of force as tensions escalate over a threatened Israeli attack on Iran’s nuclear facilities.

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Sequestration Might Be Manageable, Experts Say

That is how Pentagon officials, lawmakers and industry executives have described $500 billion in automatic military budget cuts set to kick in Jan. 2 unless Congress comes up with a solution.

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Panetta Heads to China as Territorial Disputes Simmer

Defense analyst Andrew Krepinevich, at the Center for Strategic and Budgetary Assessments in Washington, says China's rapid development of its military arsenal raises concerns about possible Chinese expansionism.

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Congress Nears Stop-Gap Spending Measure

Congress is supposed to pass spending bills for all federal agencies, but lawmakers never did that this year. Stop-gap funding is especially hard for agencies that have to plan way ahead, like the Pentagon.