Defense Budget

November 12, 2012 - 4:34 AM
FILE - In this Oct. 25, 2012, file photo, Defense Secretary Leon Panetta speaks during a news conference with Joint Chiefs Chairman Gen. Martin Dempsey, not seen, at the Pentagon, in Washington. President Barack Obama and Congress have just a few weeks to figure out how to avert the automatic cuts to defense and domestic programs totaling $110 billion next year. Those reductions are part of the so-called fiscal cliff of expiring Bush-era tax cuts and the across-the-board cuts that Defense Secretary Leon Panetta has warned would be devastating to the military. (AP Photo/Carolyn Kaster, File)