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Business/Financial

OMB, DoD Shed Some Light On Sequestration Cuts

Julie Samuel

Thursday, August 2nd, 2012

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Administration officials provided slightly more insight yesterday into how potential across-the-board budget cuts would be administered at the Pentagon and impact major weapons programs. Deputy Defense Secretary Ashton Carter and White House budget chief Jeffrey Zients fielded questions from an at-times hostile House Armed Services Committee (HASC) on politically unpopular “sequestration” cuts to the defense budget. Those cuts of $1.2 trillion over the next decade--$500 billion of which would come from planned defense spending--will start next January unless congressional Democrats…

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