US Defense Budget Cut

U.S. budget cuts would slash $54.7 billion from Pentagon in FY13

 

(Reuters) - Across-the-board spending reductions on January 2 would cut the Pentagon's funding by $54.7 billion in fiscal year 2013, reducing the readiness of non-deployed units, delaying investment in new equipment and weakening research programs, according to a new White House report.
A long-awaited report by the White House Office of Management and Budget said that $15.3 billion of that total would come from Pentagon procurement accounts and $7.48 billion from research and development programs.

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