Defense Department Budget

Secretary of Defense Leon Panetta and Joint Chiefs of Staff Chair Martin Dempsey briefed reporters. Secretary Panetta focused on the… read more

Secretary of Defense Leon Panetta and Joint Chiefs of Staff Chair Martin Dempsey briefed reporters. Secretary Panetta focused on the upcoming $500 billion budget cut under the delayed sequestration plan and said the prospect of the sequestration was “undermining the ability to manage” the department. He laid out specific reductions he would have to make if the budget cuts occur at the beginning of March 2013. Other topics included Afghanistan President Hamid Karzai’s visit to the U.S. and President Obama’s nomination of former Senator Chuck Hagel for defense secretary.

“Sequestration,” a legal procedure in which automatic budget cuts are triggered, was agreed to in the Budget Control Act of 2011. The budget cuts and simultaneous automatic tax increases would have created a “fiscal cliff” if they took effect January 2013. The sequestration date was delayed until March 2013 as part of a “fiscal cliff” agreement. close

*The transcript for this program was compiled from uncorrected Closed Captioning.

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Defense Department Budget

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Program ID:
310315-1
Category:
News Conference
Format:
News Conference
Location:
Washington, District of Columbia, United States
First Aired:
Jan 10, 2013
Last Aired:
Jan 11, 2013

Airing Details

  • Jan 10, 2013 | 3:10pm EST | C-SPAN 1
  • Jan 10, 2013 | 3:11pm EST | C-SPAN RADIO
  • Jan 10, 2013 | 7:15pm EST | C-SPAN RADIO
  • Jan 10, 2013 | 8:53pm EST | C-SPAN 2
  • Jan 11, 2013 | 2:15am EST | C-SPAN 2
  • Jan 11, 2013 | 4:10am EST | C-SPAN RADIO
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