Economic

Budget ax hovering over the military

“House lawmakers have rejected most of the Pentagon’s proposed cost-saving measures for next year, raising serious questions about how the military will stay under budget limits once sequestration returns in 2016. The House Armed Services Committee this week passed a defense bill that rejected plans from the Pentagon to save billions of dollars by cutting an aircraft carrier, legacy aircraft, troop pay raises and benefits and excess bases. “

Source: Budget ax hovering over the military | TheHill

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