For weeks, Defense Secretary Leon Panetta has been urging the supercommittee to do what it takes to avoid the threat of sequestration and spare the Pentagon from further cuts.
But what if the panel fails?
Sequestration, which Panetta has described as a ?doomsday? mechanism, would mean across-the-board cuts beginning in fiscal 2013 under existing statute. But even if it comes to that ? and there?s plenty of reason to think it won?t ? the Pentagon wants some flexibility in applying the roughly $500 billion in further cuts over the next 10 years.
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Source: http://feeds.washingtonpost.com/click.phdo?i=86ef1ffe4818505bb002eb7f6e39b202
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