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Latest 'fiscal cliff' offers hint at more defense cuts

8:39 AM, Dec 5, 2012   |    comments
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WASHINGTON -- House Republicans' "fiscal cliff" counteroffer to President Barack Obama hints at billions of dollars in military cuts on top of the nearly $500 billion that the White House and Congress backed last year, and even the fiercest defense hawks acknowledge that the Pentagon faces another financial hit.

The proposal that House Speaker John Boehner, R-Ohio, and other Republican leaders sent to the White House this week calls for cuts of $300 billion in discretionary spending to achieve savings of $2.2 trillion over 10 years.

Fiscal Cliff: Expanded Coverage

The blueprint offered no specifics on the cuts, although the Pentagon and defense-related departments such as Homeland Security and State make up roughly half of the federal government's discretionary spending.

 

The Associated Pressf

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