Pentagon Weapons Budget Facing $10 Billion Cut

By Jason Sherman / December 22, 2004 at 5:00 AM
The budget ax is set to fall on as much as $10 billion the Pentagon had planned to spend on new weapons in 2006 as senior military leaders search for ways to pay for 11th-hour cuts directed by the White House Office of Management and Budget. Pentagon sources involved in the budget drill said decisions on what programs would be affected could come as soon as Friday and would be handed down no later than the first week of January,...

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