The Pentagon has begun an intensive planning effort to gird for potential across-the-board budget cuts scheduled for March and also will take near-term steps, including delaying contract awards, to lessen the blow of the $500 billion in reductions. Defense Secretary Leon Panetta told reporters yesterday that while he is holding out hope Congress will stop those decade-long “sequestration” cuts from starting in March, the Pentagon “simply cannot sit back now and not prepare for the worst.” The Pentagon will “begin…
Pentagon Launches Multi-Part Planning For Sequestration Cuts
Defense Daily Staff
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