Pentagon plans for up to $500B in cuts

05/19/2013 | Defense News

Pentagon officials will present three different budget proposals to the defense secretary that include cuts of up to $500 billion, according to sources. The officials working on the proposals are involved in the Strategic Choices and Management Review, which wraps up at the end of May, and will present possible $100 billion-cut, $300 billion-cut and $500 billion-cut budgets, including suggestions on where to find the savings.

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