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New Bosses. Leon Panetta is now the defense secretary, following Robert Gates’ June 30 retirement. After being sworn in on July 1 Panetta tells the Department of Defense in a message “there will be no hollow force on my watch.” The former CIA director calls for preserving “the excellence and superiority of our military while looking for ways to identify savings.” He adds: “While tough budget choices will need to be made, I do not believe in the false choice between…

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U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

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