Nightly News   |  January 26, 2012

New plan to shrink the defense budget

Defense Secretary Leon Panetta announced his plan for cutting $487 billion from the defense budget over the next 10 years. NBC’s Brian Williams reports.

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>>> defense secretary leon panetta today announced his plan for cutting almost $500 billion from the defense budget over the next ten years. the focus will be mainly on shrinking army and marine ground forces . fazing out over equipment, including planes and ships and slowing the purchase of some new equipment including the next generation stealth fighter . more resources would go towards special forces like the seals we watch go into action again this week. some republicans are already rejecting the plan saying it would shrink the u.s. military too much.