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US Congress Sends President 2013 Defense Authorization Bill
The finalized bill sets the DoD’s base budget at $527.7 billion which is $1.7 billion more than the president requested, but represents a reduction of $29 billion from current spending levels. However, according to Defense secretary Panetta, Congress was too generous in allocating $74 billion in funding programs the military does not need, does not want, and previously scheduled for termination.