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Business/Financial

Obama’s Missile Defense Cuts Prevail In Both Senate Armed Services Panel, And In Entire House

DDN

Monday, June 29th, 2009

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Funding Restoration Amendments Are Rejected Even More Cuts May Gouge Missile Defense Programs In Future Years, Lawmaker Warns Both the entire House and a key Senate panel backed President Obama's quest to slash $1.2 billion from ballistic missile programs, as amendments to continue full funding of the missile shield systems were voted down. Further, this blood-letting for the missile shield may be just the opening salvo in a multi-year war against the missile shield programs, with one lawmaker predicting that…

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