8/8/2011

Defense Secretary Leon Panetta said the department is not preparing for cuts beyond that of the $350 billion outlined in the recent debt-ceiling agreement. However, Panetta's comments might have been about establishing a negotiating position. Sources say Pentagon officials are looking into ways to trim more from their budgets, but they aren't talking about it publicly. "As soon as you send the signal that you can cut, you'll be asked to," said David Berteau of the Center for Strategic and International Studies Defense-Industrial Initiatives Group.

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