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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.

In the News

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 /.../

In the News

In Budget Crisis, Some Easy Targets For Defense Cuts

The congressional supercommittee has only a few days left to come up with a plan to cut $1.2 trillion from the federal deficit. One of the areas on the chopping block is the nation's defense budget.

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US Budget Woes Could Hit European Missile Defense

A breakdown in high-stakes budget talks in Congress could threaten plans for a missile defense shield in Europe.Negotiators have shown little sign they will be able to meet next week's deadline for reducing the deficit by $1.2 trillion. If they fail to agree, a new law mandates cuts throughout the federal government, including a big slice of the defense budget.