House and Senate agree on Pentagon cuts

House and Senate conferees agreed on $662.4 billion for the fiscal 2012 defense authorization bill, about $26.6 billion below the president’s original request, reflecting the level of reductions in national security spending required under August’s budget agreement. Almost all the cuts were made in the Pentagon’s core budget, with only $2.3 billion coming out of funds for Afghanistan and Iraq, and $1.2 billion from the nuclear weapons program.

See the full article at The Washington Post