496 Billion News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Childhood education and 496 billion for the military budget, which has been cut and you know that. how does that break down for you? >> just a minor point, the size of the military is proposed to be cut. the number of people, actually 28 billion more spent. these guys hardly ever cut anything. the infrastructure you mentioned. the one that gets me is this universal pre-k. they did their own study and found head start, which sounds so good to all of us, doesn't work. they spent $200 billion on it over the years. their own study says it doesn't work, so they say, let's spend more. >> it seems to...

China, and the united kingdom combined. republican budget guru paul ryan said, "i'm proud of this agreement. it reduces the deficit without raising taxes and it cuts spending in a smarter way." well, he didn't say that today, when chuck hagel announced the proposed budget cuts. he said it 76 days ago, when he fought for the passage of the bipartisan budget act which he helped write with democratic senator patti murray. it is commonly known as the ryan-murray agreement. that agreement cut military spending to about 496 billion for fiscal year 2015. the obama-hagel defense cuts would not actuall...

That agreement cut military spending to about 496 billion for fiscal year 2015. the obama-hagel defense cuts would not actually cut defense spending quite as much as paul ryan's budget. so what did paul ryan say today about the obama defense cuts? did he say, hey, come on, mr. president, you can cut defense spending more than i did, you know, more than that, because i paul ryan was able to do that. or did he say, you know, as a republican i hate cutting defense spending and i'm glad the president found a way to cut it less than i did? or did he just decide if obama's for defense cuts then i ha...

Now, the thought was to kit fat and tailer changes to highlight smaller, elite operation. many worry it has gone into the muscle and bone. cnn's pentagon correspondent barbara star has more. >> good morning, chris. the pentagon was going to ask congress for 5$541 billion in spending. now they're going to ask for just 496 billion. chuck hagel is making one thing clear. nearly 13 years of war footing is over. >> after iraq and afghanistan, we are no longer sizing the military to conduct long and large stability operations. >> it will now focus more on special operations, cyber war and high tech ...

More crises and threats around the globe. never in his 50 years in the military and inintelligence. now is the time to make the cuts? if you go back, i remember an interview with bob gates in the summer of 2011. and gates at the time where the defense budget was a little over $550 billion, was saying that a cut of 10% would be in his words, catastrophic. well, what we're looking at for fiscal year 2015 right now is a budget of $496 billion. that's below what gates was talking about just three years ago when he said such cuts would be catastrophic. we're talking about potentially more and seque...