OPINION

Defense spending faces $700 billion cut

Townhall Staff
Townhall Staff  |  Jul 07, 2011
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
National security spending could be cut by as much as $700 billion in a deal to raise the debt limit, defense sources said.

That’s almost twice the amount President Obama originally proposed.

Obama directed the Defense Department and other national-security agencies to slash $400 billion by 2023. But in the closed-door talks to raise the debt ceiling, larger Pentagon funding cuts have been seriously discussed, several sources said, putting the number between $600 billion and $700 billion over a decade.