31 Dec '12, 6pm

#SecDef issued guidance to the force on possible #sequestration impacts:

Panetta Memo Describes Possible Sequestration Effects By Jim Garamone American Forces Press Service WASHINGTON, Dec. 20, 2012 – While many remain hopeful that Congress and the administration will reach a deal that avoids sequestration, Defense Secretary Leon E. Panetta has issued a memo describing the potential implications of going over the fiscal cliff. Planning for the effects of an across-the-board cut in defense spending as part of the Budget Reduction Act of 2011 “is only prudent,” said DOD officials. Under the law, the reductions are due to take place Jan. 2, 2013. Panetta said it is too early to assess what effects sequestration will have. He did say that it will not affect military personnel or military end strength as President Barack Obama announced his intent to exempt the military personnel accounts from sequestration last summer. The secretary did clarify the...

Full article: http://www.defense.gov/news/newsarticle.aspx?id=118853

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