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Article updated: 12/5/2012 6:23 AM

Fiscal cliff offers hint at more defense cuts

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Defense Secretary Leon Panetta listens during a news conference at the Pentagon in Washington. House Republicans' "fiscal cliff" counteroffer to President Barack Obama hints at billions in dollars of defense cuts on top of the $500 billion that the White House and Congress backed last year.

Associated Press/September 2012

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House Republicans' "fiscal cliff" counteroffer to President Barack Obama hints at billions of dollars in military cuts on top of the nearly $500 billion that the White House and Congress backed last year, and even the fiercest defense hawks acknowledge that the Pentagon faces another financial hit.
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