Defense Secretary Chuck Hagel provided on Wednesday a summary of the Pentagon’s contingency plan for next year if Congress doesn’t find a way to stop “sequestration” budget cuts, warning of sizable cuts to investment accounts. Sequestration--the decade-long $1.2 trillion cut to defense and non-defense spending that started in March--would tap $52 billion from the Pentagon’s coffers in fiscal year 2014 if lawmakers remain at odds over if and how to stop the reductions, Hagel wrote Wednesday to Senate Armed Services…
