2011 financial crisis

'Doomsday' defense cuts loom large for select 12 on 'super committee'

The six Republicans and six Democrats represent states where the biggest military contractors - Lockheed Martin, General Dynamics Corp., Raytheon Co. and Boeing Co. - build missiles, aircraft, jet fighters and tanks while employing tens of thousands of workers.

For cuts, Pentagon must choose among weapons, personnel

A decision to cut $350 billion in security spending over the next decade will force the Pentagon to make difficult trade-offs that could lead to layoffs, canceled weapons systems or a smaller nuclear arsenal.
U.S. credit down because of military spending, Rep. Frank says

A senior Democrat says the biggest reason the U.S. credit was downgraded is too much spending being "the military policemen of the world."
Panetta, Mullen continue press to head off excessive budget cuts

The United States military can handle targeted defense cuts, but if a “doomsday mechanism” of automatic cuts kicks in, national security will falter and downrange troops will suffer, Defense Secretary Leon Panetta said Thursday.
15:43 August 4, 2011
As budget cuts linger, a call to spare special operations funds
Panetta calls deep budget cuts 'completely unacceptable'
Q&A: The Department of Defense and the debt deal
Debt deal includes billions in defense cuts, but pay and vet programs safe
Debt deal expected to hit Washington area economy, defense firms
Deal leaves defense hawks nervous
House Republican defense leaders blast Obama, Democrats over debt fight

Obama: Despite downgraded rating, U.S. still a triple-A nation

Eager to calm a nervous nation, President Barack Obama on Monday dismissed an unprecedented downgrade in the nation's credit rating, insisting investors will stand by the United States even as stock markets plunged.
Markets react to rating downgrade with steep decline
U.S. debt downgrade could mean rate hikes for all
China urges U.S. to handle debt responsibly
Budget battle moves on to super committee

Latest Blog Postings

Pacific Storm Tracker

Typhoon 17W (Sanba), # 24: Okinawa now in seasonal TCCOR 4

Tropical Cyclone Condition of Readiness 4 issued for Okinawa at 7:04 p.m. Sunday.
Pacific Storm Tracker

Typhoon 17W (Sanba), # 23: Storm Watch on Okinawa, Sasebo in TCCOR 1, Daegu in TCCOR 2

TCCOR Storm Watch set for Okinawa, TCCOR 1 set for Sasebo. Daegu issues TCCOR 2; all Area IV, Sasebo schools closed.
Pacific Storm Tracker

Typhoon 17W (Sanba), # 22: TCCOR 1-E set for Okinawa

Okinawa enters TCCOR 1-E at 5:11 a.m. All outside activity prohibited
Pacific Storm Tracker

Typhoon 17W (Sanba), # 21: Okinawa, Sasebo, Korea at the ready

Expect accelerated TCCORs as Sanba bashes Okinawa, lashes Sasebo with east outer bands and pummels south coast of Korea.
Pacific Storm Tracker

Typhoon 17W (Sanba), # 20: Okinawa in TCCOR 1C; Sasebo in TCCOR 2

TCCOR 1 has been issued for Okinawa at 10:21 p.m. Saturday. Sasebo entered TCCOR 2 at 11:30 p.m.
Pacific Storm Tracker

Typhoon 17W (Sanba), # 19

Okinawa remains in TCCOR 1, Sasebo, Daegu in TCCOR 3; direct hit on Okinawa expected at 5 a.m. Sunday.

Most Read
E-mailed
Hot Topics

Military: Afghan inside attack kills 4 US troops September 16, 2012
Dig unearths British WWII bomber crash remains September 15, 2012
Woman to lead Air Force training after sex scandal September 15, 2012
Police: Airman stages shooting to avoid deployment September 14, 2012
General reflects on Afghan accomplishments September 12, 2012
Attackers in Afghanistan wore US uniforms September 15, 2012
Four more Americans killed in ‘insider attacks’ in Afghanistan September 16, 2012
Anti-US outrage over video began with Christian activist's call to reporter September 16, 2012
Europe Scoreboard: Sept. 15, 2012 September 15, 2012
Bitburg spots Ansbach lead, but streak continues September 15, 2012

Military: Afghan inside attack kills 4 US troops 05:23 September 16, 2012
Anti-US outrage over video began with Christian activist's call to reporter 01:00 September 16, 2012
China wary of moves by US in Asia-Pacific 00:11 September 16, 2012
Attackers in Afghanistan wore US uniforms 21:44 September 15, 2012
Hospital in Afghanistan key to trauma victims’ survival 10:33 September 16, 2012
With picks and axes, Afghan nationalist protesters head to Pakistan border 06:44 September 16, 2012
150 years later, preservationists see victory at Antietam 23:38 September 15, 2012
DODDS-Europe boys' basketball championships truly up for grabs this year 22:26 May 11, 2010
Troops from ex-Warsaw Pact nations visit U.S. barracks at Kaiserslautern 21:43 May 11, 2010
Four more Americans killed in ‘insider attacks’ in Afghanistan 09:57 September 16, 2012

Your Photos on Stripes Spotted

Stripes UK Launch
Attention Shoppers
Book Club

Stripes UK Launch

Submit a United Kingdom-focused restaurant review or travel story and be entered to win a Garmin nüvi GPS navigator or dinner for two in a Michelin Star eatery in London!