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Hagel To Address ‘Strategic and Fiscal Challenges’

Apr. 1, 2013 - 05:21PM   |  
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WASHINGTON — Chuck Hagel will deliver his first major speech as U.S. defense secretary Wednesday where he will focus of the “strategic and fiscal challenges” facing the Pentagon.

The speech, which will take place at National Defense University in Washington, comes one week before the federal government is expected to release its fiscal 2014 budget proposal on April 10.

DoD is facing a $41 billion cut to its 2013 budget and a total of $500 billion over the next decade.

At the same time, DoD leadership is reviewing the Pentagon’s 2011-announced military strategy to see how mandated budget cuts would impact its future plans. That review is supposed to be done by the end of May.

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