Navy Faces $252 Million Sequestration 'Bow Wave' In FY-14

By Thomas Duffy / August 19, 2013 at 2:46 PM
Cuts to the Navy's fiscal year 2013 budget driven by sequestration have created a $252 million "bow wave" of unfunded requirements the service will have to tackle in the next fiscal year. The Navy had to enact a 7.8 percent cut to all of its budget accounts -- except military personnel -- to meet its FY-13 sequestration requirement, service spokeswoman Lt. Caroline Hutcheson told Inside the Navy . The impact on the Navy's FY-13 budget amounted to $10.7 billion --...

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