Most Pentagon programs will be cut by as much as 10 percent if sequestration takes effect in January, according to new figures from the Office of Management and Budget. The nearly 400-page report OMB sent to Congress today gives lawmakers preliminary estimates of the impact sequestration might have on more than 1,200 budget accounts. Sequestration would cut non-exempt defense discretionary funding by 9.4 percent and non-exempt defense mandatory programs by 10 percent, according to the report required by the Sequestration...
