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Business/Financial

Panetta: I’ll Take Any Sequestration Deal From Congress

Julie Samuel

Friday, September 28th, 2012

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Defense Secretary Leon Panetta said yesterday he’d “take whatever the hell deal” lawmakers can come up with to delay or prevent so-called sequestration budget cuts. The $500 billion in decade-long reductions to planned defense spending will start in January if congressional Democrats and Republicans cannot agree on a plan to replace sequestration with other government savings. Many lawmakers and President Barack Obama oppose sequestration, but cannot agree on an alternate plan. Panetta had previously joined Obama in calling for Congress…

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