High hopes that the congressional supercommittee charged with proposing a deficit reduction solution appear to be dashed as Republican and Democratic leaders of the panel are set to announce failure, according to
MoreAll will not be lost if negotiations go nowhere and the deficit reduction supercommittee fails to reach an agreement, according to Sen. Mark Warner (D-Va.). During an appearance on CNN’s “State of
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The Defense Department could wrap up its internal discussions on cutting $260 billion from its budget over the next five years “in the coming weeks,” Defense Secretary Leon Panetta said Thursday. More
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Defense Secretary Leon Panetta told lawmakers during a classified briefing he expects around half of the $450 billion in cuts to defense spending over the next 10 years to come from weapons programs,
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The Defense Department will submit a five-year budget to Congress in February that includes $250 to $260 billion in cuts, Defense Secretary Leon Panetta said Thursday according to a report from Reuters.
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