The big question in Washington is whether a squabbling Congress will act to avert an automatic government-wide budget reduction of $1.2 trillion, half of which would come from defense spending. But it may not matter. The Center for Strategic and International Studies (CSIS) is warning the Pentagon to prepare itself for major reductions to defense spending—up to $1.5 trillion over 12 years—regardless of what happens on Capitol Hill. The report says the absence of big-ticket reductions to ...

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