Military Faces Massive Budget Cuts Due To Sequester

04:21

November 18, 2013

This article is more than 9 years old.

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.

Guest

Cardiff Garcia, reporter at the Financial Times blog FT Alphaville. He tweets @CardiffGarcia.

This segment aired on November 18, 2013.