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Ashton B. Carter
Latest Ashton B. Carter Items
Military officials are reassessing the national defense strategy in light of spending cuts that will force the Pentagon to reduce its budget by $500 billion over the next decade, the chairman of the Joint Chiefs of Staff says.
Tuesday's re-election of President Obama triggered immediate speculation about the future of Defense Secretary Leon E. Panetta, who will turn 75 in June. Mr. Panetta, defense secretary since June 2011, has had a long career in government and is said by associates to be ready to return to private life in Northern California, where he frequently visits and owns land.
The layoffs have begun. Defense contractors are bracing themselves for significant downsizing and assembly-line closures as Congress bickers over the federal deficit.