Comment on Budget cuts would hit Pentagon procurement, R&D

Budget cuts would hit Pentagon procurement, R&D

WASHINGTON (Reuters) - Across-the-board spending reductions on January 2 would cut the Pentagon's funding by $54.7 billion in fiscal year 2013, slashing procurement accounts by $15.3 billion and funding for research and development programs by $7.48 billion, the White House budget office told Congress in a report on Friday.

 

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