Search Results for: sequestration

Senate Confirms Chuck Hagel For Defense Secretary

The Senate voted 58-41 Tuesday to confirm Chuck Hagel as the next defense secretary and will be sworn into office Wednesday, Reuters reports. Patricia Zengerle writes that four Republicans supported Hagel’s nomination along with all Democrats and independents in the Senate. Hagel will assume office as the Pentagon is preparing …

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Leon Panetta: US Budget Impasses Affecting Worldwide Image

Defense Secretary Leon Panetta used what he said was his final press conference at the Pentagon to show his frustration over the continued budget impasse in Congress, McClatchy Newspapers reports. U.S. allies are watching Congress to see how it faces the country’s fiscal and other challenges, he said. Matthew Schofield …

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Report: Army Outlines $18B Sequester Cut In Memo

Automatic defense cuts under sequestration would result in an $18 billion cut to the U.S. Army‘s budget for the current fiscal year, Defense News reports. The newspaper obtained an internal Army memo that outlined which accounts would see cuts, including a $5.3 billion cut from the branch’s operations and maintenance …

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CBO: US Debt Could Be 77% Of GDP By 2013

The Congressional Budget Office forecasts U.S. debt held by the public could reach 77 percent of gross domestic product by 2023, Reuters reports. David Lawder writes the CBO announced that prediction as it released its fiscal year 2013 analysis, which factors in the nearly $85 billion in automatic spending cuts …

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Panetta, Dempsey Comment on Chuck Hagel’s Confirmation Hearings

Defense Secretary Leon E. Panetta told the Senate Armed Services Committee that Chuck Hagel is “absolutely” ready to replace him, according to a American Forces Press Service article. During the January 31 confirmation hearing, Panetta said, “I think he’s got good experience with regards to public service. He understands the issues …

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