Pentagon warning Congress

The Associated press is reporting that Defense Secretary Leon Panetta is telling Congress that deeper defense cuts would force the Pentagon to cut back ship and...

The Associated press is reporting that Defense Secretary Leon Panetta is telling Congress that deeper defense cuts would force the Pentagon to cut back ship and construction projects, furlough civilian workers and leave the military with the smallest force since 1940. Panetta described the implications if a special congressional super-committee fails to come up with a deficit-cutting plan by Nov. 23. On top of some $450 billion in defense cuts already under way, the Pentagon would face another $500 billion in reductions.

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