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Defense secretary announces billions in budget cuts

by
January 6, 2011
FedCyber Wire
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“Defense Secretary Robert Gates staged a pre-emptive attack Thursday in Washington’s looming budget battles, announcing cuts of $78 billion to the U.S. military and defense department, including reducing the size of the Army and Marine Corps.

In addition, Gates said the Army, Navy and Air Force had found $100 billion of savings that they would retain, allowing them to continue developing major weapons and modernizing their forces over the next five years.”

(Defense secretary announces billions in budget cuts – CNN.com)