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Congress

Panetta Cautiously Welcomes Sequestration Delay

Defense Daily Staff

Thursday, January 3rd, 2013

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Defense Secretary Leon Panetta yesterday welcomed legislation temporarily delaying sequestration, but warned that Congress “cannot continue to just kick the can down the road” and must act to create a balanced spending plan to permanently end the threat of sequestration. Panetta issued a statement after Congress approved the so-called “fiscal cliff deal” that pushed back sequestration by two months--until early March. The draconian spending measure, previously slated to have taken effect yesterday, would indiscriminately cut defense spending by nearly $500…

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Congress

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