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Are aircraft carriers about to become an endangered species in the United States?
Budget pressures at the Pentagon have renewed a debate about the value of the US Navy’s giant aircraft carriers, with critics arguing the warships are fast becoming costly relics in a new era of warfare. With the Pentagon facing $500 billion in cuts over the next decade, a Navy officer…
House exceeds budget cap with huge defense spending bill
WASHINGTON — US lawmakers passed a sweeping $606 billion defense bill that exceeds a budget cap and faces a veto threat from the White House for failing to sufficiently rein in spending. The bill would provide $518 billion for the Pentagon and an additional $88.5 billion for overseas contingency operations,…
Republican congressman calls Pentagon budget ‘irresponsible’
WASHINGTON (Reuters) – Representative Buck McKeon, who heads the House Armed Services Committee, on Monday blasted the Pentagon’s proposed defense budget for fiscal 2013, saying it “irresponsibly ignores” additional mandatory cuts that are due to take effect in January 2013. “This budget reflects a true reduction, in real terms, of…
Defense chief Panetta warns of ‘hasty’ budget cuts
WASHINGTON — Defense Secretary Leon Panetta warned Wednesday against any extra deep spending cuts to the Pentagon budget which could be triggered by a further stalemate in the battle to slash the US deficit. While the new Pentagon chief said he believed defense spending could be reduced responsibly, he was…
Pentagon budget down due to Iraq pullout: US
WASHINGTON – The Pentagon on Monday proposed a reduced defense budget for the first time since the September 11 attacks, finding savings in the withdrawal of US troops from Iraq. The total budget of $671 billion is down from last year’s request of 708 billion but the “base” defense budget…
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