The Pentagon will have to cut spending by $78 billion over the next five years, Defense Secretary Robert M. Gates said Thursday, forcing the Army and Marine Corps to shrink the number of troops on active duty and eventually imposing the first freeze on military spending since the Sept. 11, 2001, attacks.
The surprise announcement from Gates was a reminder for the military establishment - which has benefited from a gusher of new money over the past decade - that it will not remain exempt from painful austerity measures that federal lawmakers say will be necessary to control the soaring national debt.
Read more ....
Gates cutting Pentagon budget by $78bn over fiver years -- BBC
Pentagon anticipates $78B in budget cut -- AP
US, eyeing budget, to cut up to 47,000 troops -- Reuters
Robert Gates details Pentagon cuts to Congress -- Politico
Robert Gates proposes $100 billion US defence cuts -- The Telegraph
Gates finding $78 bln more in Pentagon cuts-lawmaker -- Reuters
Can Congress Really Stop Gates" Gear Cuts? -- The Danger Room
Read More... [Source: Top Stories - Google Blog Search]
No comments:
Post a Comment