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Panetta Cautious On Second Wave Of Deficit Cuts

Julie Samuel
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Defense Secretary Leon Panetta pledged yesterday to fight against significant Pentagon funding reductions in a second round of government spending cuts a new committee will weigh later this year under the new deficit-reducing plan. His comments, in a message to all Department of Defense (DoD) personnel, came as multiple defense-related parties weighed in the makeup of the forthcoming 12-member Joint Select Committee on Deficit Reduction. President Barack Obama signed into law on Tuesday a federal deficit-reducing bill that calls for…

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