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We should start with that. national security correspondent jennifer griffin is live from the pentagon with more. jen? >> reporter: hi, jenna. well, the defense budget they're presenting is $32 billion less than a year ago. the army will shrink to 490,000 troops. the marine corps will go down to 182,000 troops. the air force, air lift fleet will be reduced retiring the oldest 65 of the c-130 planes, eliminating seven tactical air squadrons, five a-10 squadrons, one f-16 squadron and one f-15 training squadron. >> make no mistake, the savings that we are proposing are significant and broad based...

They were hinting in the past that there could be some cuts. but it seems that those are going to fall mostly on the retirees of working age. he's defending essentially a cut from anywhere between 1 to 6%. the defense budget is falling by that much. in terms of the specifics of the cuts the army will go down to 490,000 as we've reported before. the marine corps will go down by 182,000. the air force will take a hit in terms of some of its fleet. they will be retiring 27c5a's. refiring the oldest of 6130 planes and divesting all of the 30627s. he's making a strong point that the u.s. military w...

Made it announced through the secretary of defense, leon panetta, about the upcoming cuts in our military. take a listen. >> in this budget, we plan to gradually resize the active army. the 490,000. that is down from present force level of 562,000. the active marine corps who go to 182,000. down from 202,000. that transition will take place over the five years. we won't reach those numbers until 2017. >> dana: given the audio and visual quality of that, you might have thought in the 1990s or the clinton administration. but it wasn't. that was today. two days after a "state of the union" addres...

Of the americans who asked not to be identified told fox they have been offered refuge at the u.s. ambassador's residence if it's not resolved be i friday. >> bret: thank you. >> you're welcome. >> bret: pentagon officials today announce specifics of the proposal to cut a half central from pentagon budget in the next decade. jennifer griffin looks at part of the plan. >> at the pentagon, winners and losers. no branch of the armed services went untouched as the defense chief announced $259 billion in cuts over the next five years. >> this is tough. >> reporter: tough on the ground forces, army ...

Head of special operations were invited to sit with the first lady, as president obama left the house floor, he again congratulated his defense secretary. the president placed a call to the capitol to buchanan's father in ohio to say his daughter was on the way home. >> the seal six members behind the rescue were not the same that killed bin laden. we have don't expect the military to share details. they regret too much was said last may. >> bret: there was more news today about the administration efforts to reign in military spending. what can you tell us about that? >> the army is going to b...