Sens. Carl Levin (D-Mich.) and James Inhofe (R-Okla.), the chairman and ranking member of the Senate Armed Services Committee, have written to Secretary of Defense Chuck Hagel asking him to lay out in detail the consequences of the department having to reduce its fiscal 2014 budget from $526 billion, the level requested by the Pentagon, to $474 billion, the 2014 cap imposed by the sequester. This reduction in planned expenditures might be necessary should Congress and the Obama administration fail to reach a grand bargain that would repeal sequestration by the next fiscal year.
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