Fiscal Cliff Defense

December 5, 2012 - 3:33 AM
FILE - In this Sept. 27, 2012, file photo, Defense Secretary Leon Panetta listens during a news conference at the Pentagon in Washington. House Republicans' "fiscal cliff" counteroffer to President Barack Obama hints at billions in dollars of defense cuts on top of the $500 billion that the White House and Congress backed last year. (AP Photo/Jacquelyn Martin, File)