WASHINGTON — The Pentagon began grappling on Monday with the possibility that it will have to cut hundreds of billions of dollars from the military budget over the next decade, but there were so few details in the debt ceiling deal reached by the White House and Congress that confusion over the actual size of the reductions was rampant.
There was at least some clarity for the immediate future: cuts in next year’s military budget are likely to be minimal or at least modest, depending on the way the counting is done. Beyond that, military budget analysts said, there was a real possibility that cuts in military spending would amount to about $550 billion over the next 10 years — or $150 billion more than what President Obama has already requested.
Full story: Pentagon Faces Possibility of Hundreds of Billions in Spending Cuts Over 10 Years
