Page 22 - Procurement Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Whitney. this is the most expensive procurement program in pentagon history and beset with problems in the testing phase. the crack in the engyp was discovered at the edwards air force base in california. cuban president says his right to retire and the swearing in will be interesting. another example of selective editing in the main stream press in grapevine. up next, big win for hero accused of murdering his girlfriend. [ fishing rod casting line, marching band playing ] [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat?

Chickin at high speed and cost and driving in and what needs to be done, is all of these federal agencies need to be given their top line . other words this is what it is going to be . let them decide what programs or people and things they need to cut to make the top line. it is going to be painful and congress, if the services were to in and cut this procurement program you would have people on the hill screaming not in my drict. balse of a look of political courage we find ourselves in a game of chick yen looks like it is going to happen on march first. >> that top line is what you are say ...

>> the risks come with the fact that, you know, we have a smaller force. you know, as we said, it's larger than we had prior to 9/11. but, obviously it will be a smaller force. and when you have smaller force, there are risks associated with that in terms of our capability to respond. >> the secretary added that the reason to go for a smaller, more agile more nimble force is that given the congressionally mandated budget cuts, they would be hollowing out the force if they didn't make the army smaller, shep. >> shepard: what's new in the announcement today, jen? >> they announced that some mili...

Cuts. you also have heard that the f-35 fighter jet, that is the most expensive procurement program in the history of the pentagon, they're going to slow down the purchase of those f-35s. these are state of the art planes but they have been troubled and have, there have been huge cost overreturns. -- overruns. tony capacio of "bloomberg news" who follows this very closely, in the upcoming budget for 2013 there will be 12 fewer f-35s purchased. they will slow down the purchase of expensive warplanes as well as ships. jenna: a lot to work through in this news today. jennifer, thanks so much for ...