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As Spending Cuts Loom, Alarm Bells Begin To Sound

04:14
Joint Chiefs of Staff Chairman Martin Dempsey (from left), Deputy Secretary of Defense Ashton Carter and Undersecretary of Defense and Comptroller Robert Hale wait for a hearing of the Senate Armed Services Committee on Tuesday. Military leaders are warning Congress about the effects of the sequester. (AFP/Getty Images)
Joint Chiefs of Staff Chairman Martin Dempsey (from left), Deputy Secretary of Defense Ashton Carter and Undersecretary of Defense and Comptroller Robert Hale wait for a hearing of the Senate Armed Services Committee on Tuesday. Military leaders are warning Congress about the effects of the sequester. (AFP/Getty Images)

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