Further sequestration in fiscal year 2014 would force the Pentagon to "sharply reduce" funding for procurement, research and development and military construction accounts to accommodate a $52 billion cut to the department's topline, Defense Secretary Chuck Hagel told the Senate Armed Services Committee today in a long-awaited report . "Indeed, cuts of 15 percent to 20 percent might well be necessary, even though the total budget is reduced by only 10 percent," the report states. "The services would seek to...
