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OPINION

Defense spending faces $700 billion cut

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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.

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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.

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