Military Faces Massive Budget Cuts Due To Sequester

The U.S. military's budget is about to take a huge hit unless Congress takes action to lift the ongoing sequester.

The automatic cuts, set to take effect in January, will slash $52 billion from the military, which is 10-percent of the pentagon budget.

Top commanders say they will start reducing benefits for active military, including curbing pay and allowances for housing, education, and health.