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May 22, 2012
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Panetta warns Congress over Pentagon budget gridlock
Reuters
Defense Secretary Leon Panetta warned that gridlock in Congress over the Pentagon budget could prevent action to avert another looming cut in spending next year, an outcome top military officials said would be devastating to the services. Further budget reductions due to take effect in January would cut the U.S. Army by another 100,000 troops, slash the equivalent of the Navy's entire shipbuilding budget, and leave the U.S. Marines without adequate resources to respond to even a single crisis, top military officials told a Senate panel.More

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