Nightly News   |  February 06, 2013

Panetta warns of huge budget cuts for Pentagon

Defense Secretary Leon Panetta said Wednesday the automatic spending cuts that would go into effect March 1 would mean almost $500 billion in cuts over 10 years at the Pentagon. NBC’s Brian Williams reports.

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>>> the outgoing defense secretary said to students in a speech, leon panetta warned of huge budget cuts looming for the pentagon if congress doesn't act. and he had had some choice words for both sides blaming each for to reach an agreement to avoid cuts to our military. also generally what's happened lately to washington.

>> thank you very much. this is not a game. this is reality. these steps would seriously damage a fragile american economy , and they would degrade our ability to respond to crisis, precisely at a time of rising inacross stability across the globe.

>> panetta served for 16 years, 8 terms. today he called the defense spending cuts legislative madness.