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Monday, March 03, 2014

Air Force Bets $41 Billion on Sequestration

Deborah Lee JamesAir Force Secretary Deborah Lee James has placed a $41 billion bet that Congress will ease off on the mandatory spending cuts in the sequester process and also go along with a White House proposal to raise taxes.

“We will be working hard to convince Congress that there’s too much risk” to the Air Force and the nation if the $41 billion in additional funding is rejected, James said last week at a defense issues forum.

In offering the Pentagon’s Fiscal Year 2015 budget plan last week, Defense Secretary Chuck Hagel also put forward a five-year projection calling on Congress to boost military spending by $115 billion through sequester relief.

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