Page 2 - 489 Billion News Today

Automatic cuts. defense cuts. domestic cuts. what is going to happen to that? are they going to address that? >> i was called by leon panetta last night at 7:30 during dinner. >> chris: secretary of defense. >> and he said i was told there will not be anything in the deal to avoid se sequestration from going into effect. half of the 1.2 falls on defense. we already cut $489 billion. he says if we do this it will be shoot the defense department in the head and we will have to send out 800,000 lay...

Effect. so the way things stand right now, secretary panetta will need to send 800,000 layoff notices to defense contractors on tuesday. >> if the president doesnt deal with this then he is a lousy commander in chief. if there is a deal done that doesnt set aside the defense cuts because we have is already cut $489 billion out of the defense department, then im very disappoin disappointed ine president as commander in keefe and disappointed in the republican party for allowing this to even be a ...

For the american people, is that we have been given the resources for us to execute the two wars we were asked to execute. and the american public has given us quite a bit and believed in us, so its important for us to thank them for doing that. as you saw there, as we look ahead, there is concern about future cuts. now i would remind everybody that weve already taken $489 billion of cuts over ten years. weve agreed to do that. were in the process of executing that. which we agreed to in the nex...

We can help brighten an old dogs mind so hes up to his old tricks. with this kind of thinking going into our food, imagine all the goodness that can come out of it. just one way were making the world a better place... one pet at a time. vibrant maturity. from purina one smartblend. pentagon officials are sounding the alarm preparing to wage war on a new battle front, the budget. the department is urging congress to take action to prevent $500 billion in mandated cuts. today on msnbc u.s. army ...

Leon panetta says the nation can no longer afford. >> all of this at a time when america faces a serious deficit and debt problem at home. a problem which is, itself, a national security risk squeezing both the defense and domestic budgets. >> reporter: to cut the militarys budget will take a major shift in strategy. u.s. forces will focus on deterring a growing threat from china in the asia pacific region, conduct smaller counter insurgency operations with u.s. special forces elsewhere, and no ...

That? >> jon, that is one of the things that concerns me most. every new secretary of defense, be they republican or democrat i think historically always mean well and talk to these think tank experts who never served a day in the military who tell them we can win a war basically with air power and special forces that we dont need that grunt on the ground but history tells us every time we need the grunt on the ground to win the war, to finish the job. thats what we saw in iraq. thats why the su...

It happened in utah. the officers all in the hospital at this hour where were waiting for an update on their conditions. that single suspect also hurt remains in police custody. this all went down late last night at a home in the town of ogden north of salt lake city. details coming in. well update you as soon as we have more info. president obama will announce billions of dollars in cuts in defense spending today. hell make the announcement at the defense department today. the first time a pres...

Pentagon. the first time any president has addressed reporters in the briefing room. the administration says its creating a more realistic military and investing more in air and sea power and eliminating ground troops. they say his budget is bloated and the u.s. can still be strong with fewer forces. it amounts to $489 billion in cuts overt next ten years. the german man accused of setting 52 fires across l.a., so wobbly in court, he needed the help of deputies to stand up. his arraignment pos...

Congress doesnt act this year. let me tell you the significance of that. right now with what the obama administration is doing, it means that we can no longer fight two military regional conflicts simultaneously. with these $489 billion in cuts we could probably fight one war. if congress doesnt act on the sequester and we dont restore those cuts i dont see how we can fight one war successfully. jon: the president promised in his opening remarks in the pentagon we would be able to take whatever ...

President obama meantime will announce billions of dollars in cuts to defense spending today. hell make the announcement at the pentagon, the first time any president has addressed reporters in the pentagon briefing room. administration says its creating a more realistic military by eliminating tens of thousands of ground troops and investing more in air and sea power. officials familiar with the plan say the pentagons budget is way too bloated and the u.s. can still be strong with fewer forces....