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Geithner defends Obama budget, calls for ‘modest’ tax increases

Geithner defends Obama budget, calls for ‘modest’ tax increases

by Shirley Li | Feb 14, 2012 | Business

WASHINGTON – Treasury Secretary Timothy Geithner fought a budget battle Tuesday, defending and explaining President Barack Obama’s spending plan before the Senate Finance Committee. From deflecting blunt questioning by Sen. Jon Kyl, R-Ariz., to verbally tussling with...
Pentagon defends leaner $525 billion budget

Pentagon defends leaner $525 billion budget

by Ben Kamisar | Feb 14, 2012 | National Security, Politics

WASHINGTON – Defense Secretary Leon Panetta warned Senators Tuesday that a failure to compromise on deficit reduction plans could jeopardize national security, leaving a “hollow” military in its wake. Panetta defended a Pentagon budget that requires $487 billion in...
Defense must adjust to new strategy with budgetary management in mind

Defense must adjust to new strategy with budgetary management in mind

by Edwin Rios | Jan 25, 2012 | National Security

WASHINGTON – The 21st century’s military should be an intelligence-driven force that emphasizes small special forces units rather than large armies, a national security expert said Wednesday. Michael Breen, vice president of the progressive Truman National Security...
Defense Cuts Could Affect Economic Interests, Experts Say

Defense Cuts Could Affect Economic Interests, Experts Say

by David Uberti | Jan 10, 2012 | National Security

WASHINGTON – Less than a week after the Pentagon released a defense plan proposing to cut costs and focus attention on East Asia, experts Tuesday warned further cutbacks could hurt U.S. security and economic interests in the region. The plan, unveiled Thursday by...
Obama, Panetta unveil leaner military, new defense strategy

Obama, Panetta unveil leaner military, new defense strategy

by David Uberti | Jan 5, 2012 | National Security

WASHINGTON – The military will undergo over the next decade its most extensive budget cuts since the Cold War, emphasizing speed, strengthening ties to European allies and refocusing its operations on the Asia-Pacific region and the Middle East, Defense Secretary Leon...
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