-- Defense Secretary Leon Panetta provided a stark warning on Wednesday about the effects of impending budget cuts on the military unless Congress acts to avert them . Defense Secretary Leon Panetta sounds the alarm about draconian spending cuts . The Pentagon is cutting its budget by $487 billion over 10 years, a cut of more than 20 percent from current levels.
Defense Secretary Leon Panetta sounds the alarm about draconian spending cuts . The Pentagon is cutting its budget by $487 billion over 10 years, a cut of more than 20 percent from current levels.