August 5, 2011
Defense Secretary Leon Panetta warned Thursday he would not accept large military cutbacks under a debt deal, charging the move would weaken the United States faced with rising powers.
Panetta, holding his first formal news conference since taking charge of the Pentagon a month ago, launched a pre-emptive strike as a special committee prepares to slash spending under a last-ditch deal to avert a US debt default.
Panetta, a veteran Democratic Party dealmaker who was once in charge of budgets, said that “God willing” the process would not trigger sweeping cuts under which the Pentagon could lose another $600 billion.
This article was posted: Friday, August 5, 2011 at 11:42 am