Panetta aims to cut billions from military budget

Defense Secretary Leon Panetta is set to offer his strategy for cutting billions from the military budget this week. He’s also expected to say the Pentagon will maintain a fighting force large enough to win one major conflict at a time.

The New York Times reports, Pentagon officials are in final deliberations over cuts to everything from retirement and health benefits to the nuclear arsenal. It’s part of a broader agreement to find $450 billion in cuts over a decade.

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