U.S. Navy Budget Takes $10.7B Hit From Sequestration

THE PENTAGON — To meet sequestration-mandated cuts, the U.S. Navy will spend about $10.7 billion less in fiscal 2013 than it had intended to spend and the service is projecting about $59 billion less in spending across the fiscal 2014 to fiscal 2018 future years defense plan (FYDP), according to the...

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