OMB Sequestration Report Reveals $54.7 Billion Pentagon Cut

If Congress fails to block a looming government-wide budget cut, the Pentagon will lose $54.7 billion and NASA about $1.7 billion, the White House Office of Management and Budget said in a report delivered to Congress Sept. 14. The cuts amount to a 9.4% cut to defense accounts and an 8.2% cut to...

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