Defense Secretary Chuck Hagel is sounding the alarm about the consequences another round of sequestration cuts could have on the military, including possibly restructuring how it allocates its budget.
"We're challenging every past assumption, every past formula," Hagel told The New York Times, warning that the Pentagon's nearly equal fiscal allotment between the Army, Navy, and Air Force could have to change. The Army is considered the most likely to face deeper budget cuts.
The Defense Department is already cutting $487 billion over 10 years from its budget under the 2011 Budget Control Act. It could be forced to cut an additional $500 billion over a decade.
DON'T MISS TODAY'S TOP STORIES