Page 3 - 489 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 layoff notices at the beginning of the year. he is worried we will destroy the finest military in the w...

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 doesn't deal with this then he is a lousy commander in chief. if there is a deal done that doesn't set aside the defense cuts because we have is already cut $489 billion out of the defense department, then i'm very disappoin disappointed ine president as commander in keefe and disappointed in the republican party for allowing this to even be a possibility because the party of ronald reagan would never let this happen. >> the sequester s 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 it's 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 we've already taken $489 billion of cuts over ten years. we've agreed to do that. we're in the process of executing that. which we agreed to in the next budget cycle which we've now proposed and submitted to congress. so that $500 billion would be...

We can help brighten an old dog's mind so he's 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 we're 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 chief of staff said there is no room for more reductions. >> i would remind everybody we've alrea...

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 military's 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 longer attempt to fight two major ground wars at the same time. >> i'm uneasy about recognizing up ...