Pentagon Plans $100 Billion in Spending Cuts

It finally looks like the Pentagon isn’t immune to Washington’s deficit-reduction fever. The U.S. military intends to trim up to $100 billion over the next five years on weapons purchases and spending on contractors, the Washington Post reported....

Trillion-Dollar War Tab

The National Priorities Project’s Cost of War counter, which measures the flow of money Congress appropriates for the Iraq and Afghanistan wars, will reach the $1 trillion mark on May 30, the organization predicts. Meanwhile, Congress is on track to OK another...