A senior Army official said the civilian furloughs that Defense Secretary Leon Panetta announced Wednesday would create a “perfect storm” of problems for the Army acquisition community.
Panetta informed Congress on Wednesday that the military will furlough about 800,000 Defense Department civilians should sequestration be enacted on March 1. The sequestration cuts will force the Army to subtract $17-$18 billion from its operations and maintenance budget before October 2013.
The long term sequestration cuts will subtract $500 billion from planned defense spending over the next ten years. Losing that funding will force the Army and the other services to cancel or alter contracts already signed with defense companies.
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