Army, Navy Hit With More Than $4 Billion in Last-Minute Cuts

By Dan Dupont, Jason Sherman / January 3, 2006 at 5:00 AM
The Pentagon handed down 11th-hour budget cuts after Christmas last week, slashing $4 billion from the Army and Navy and plowing $3.5 billion into a wide range of new initiatives, many of which are designed to support combatant commanders. Tina Jonas, the Pentagon's comptroller, on Dec. 28 signed program budget decision 723, which makes small adjustments to hundreds of programs between fiscal years 2006 and 2011, as well as a few large moves including an increase of about $2.5 billion...

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