Sequester Shuffle. Sens. John McCain (R-Ariz.) and Lindsey Graham (R-S.C.) ask Defense Secretary Leon Panetta to describe what the Pentagon would do if the Joint Select Committee on Deficit Reduction does not craft a budget-cutting plan that passes Congress; if that happens, a sequestration process would cut $600 billion more from the long-term defense budget, on top of the current $450 billion reduction. The two Senate Armed Services Committee members ask Panetta to “describe the specific options and types of…
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