Military Faces Massive Budget Cuts Due To SequesterPlay
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.
- Cardiff Garcia, reporter at the Financial Times blog FT Alphaville. He tweets @CardiffGarcia.
This segment aired on November 18, 2013.