Current Events Articles

US News

Pentagon Begins Planning for Massive Budget Cuts

December 5, 2012

WASHINGTON (AP) ? The Defense Department has begun planning for the roughly $500 billion in personnel and program cuts over a decade that will be needed if Congress and the White House fail to reach a deal that would avoid the double hit of tax hikes and automatic spending reductions dubbed the "fiscal cliff."

Read entire article on US News
« Previous Article Next Article »

More From Current Events Articles

  • China's entrepreneurs expand global presence
  • US auto sales see big gains in May
  • Wal-Mart aims to perk up produce sections
  • Best of Luxury

    Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
    View All Best of Luxury
    THINGS WE LIKE