Pentagon outlines budget cuts to the tune of a half-trillion dollars

The Takeaway

The Pentagon on Thursday rolled out its new budget proposal, which includes nearly $500 billion in cuts over 10 years, as well as a slimmed down ground force and reoriented Air Force and Navy.

The latest proposal will actually  grow the base budget of the military over the 10 years from today $531 billion today to $567 billion, but at a slower rate than previously projected and perhaps even at a rate below inflation.

Among the proposals, limiting pay raises for troops, increasing health insurance fees for military retirees, and closing bases in the U.S. The Navy will retire some older crusiers, the Air Force lost a new, high-flying reconnaissance drone and the Army and Marine Corps will each shed tens of thousands of troops, through attrition, among other elements of the proposal.

 Army, Marines Shrink as Budget Slows
US News Video by NewsLook
Sign up for our daily newsletter

Sign up for The Top of the World, delivered to your inbox every weekday morning.