In a moment of desperation, Defense Secretary Leon Panetta told reporters recently he is ready to support “whatever the hell deal” Congress can make to avoid a nearly $1 trillion reduction in government spending, half of which could hit the Pentagon in January. But after more than a year of warnings about the devastation the budget penalty known as sequestration could wreak on the U.S. economy, it is still uncertain whether the results of the presidential election will allow for a delay to ...
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