10/14/2011

The top Republican and Democrat on the U.S. House Armed Services Committee want to avoid more cuts to defense spending, but their recommendations to a congressional supercommittee on deficit reduction are drastically different. Adam Smith, D-Wash., would like to see more federal revenue. Howard P. "Buck" McKeon, R-Calif., wants cuts to Social Security and Medicare. Their Senate colleagues have also advised against cuts beyond the $450 billion slated for the next 10 years.

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Bloomberg

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