‘Sequestration’ Curbs Pentagon’s Check Book | Aviation International News

‘Sequestration’ Curbs Pentagon’s Check Book

At a “town hall” meeting in Alexandria, Virginia, on May 14, U.S. Defense Secretary Chuck Hagel announced that civilian defense employees will be furloughed for up to 11 days.

June 14, 2013

The U.S. government spends more on its military each year than any other nation by far, but it will be a restrained Department of Defense (DOD) that presents itself at this year’s Paris Air Show. That’s because a previously obscure fiscal mechanism known as “sequestration” requires the DOD to cut $41 billion, or roughly 8 percent of its $527 billion base budget, by September 30, the end of the fiscal year on the government’s calendar.

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