Detailed text transcripts for TV channel - FOXNEWS - 20130227:17:34:00
Current projection for defense spending in 2014 without the sequester. $640 billion. with the sequester, the pentagon loses about 47 billion. 7% of the its budget. leaving 593 billion remaining for defense. let's talk about it with a couple of people who know this issue very well. california congressman buck mckeown, republican and chairman of the armed services committee. washington congressman, adam smith is the committee's ranking democrat and congressman smith, we'll start with you, because you have introduced a bill to rearrange the way the sequester money gets allocated? >> there are sev...
Source: news source