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Budget Cuts Chaos: Layoffs Abound Amid Uncertainty

Mike O'Brien
Posted: 01/21/2013

Uncertainty over where the ax will fall in the upcoming budget cuts is causing chaos within the defense industry as projects are canceled and contractors start laying off workers. Defense Secretary Leon Panetta summed up the situation by announcing "we're all going to pay a hell of a price." Addressing U.S. troops on his European tour last

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Mike O'Brien
Posted: 01/21/2013