That’s the projected Defense Department budget for fiscal 2014 under automatic cuts known as sequestration, according to a Pentagon planning document. It’s almost 10 percent less than the pending $526.6 billion request, Bloomberg’s Tony Capaccio reports.
The reduction could cause the Pentagon to fire at least 6,272 civilian employees. To accommodate this year’s $37 billion in sequestration cuts, the Pentagon required 85 percent of its civilian workers to each take about six days of unpaid furloughs.
Sequestration would result in 16 percent reductions in the Pentagon’s procurement and research spending and 12 percent cuts in operations, maintenance and military construction. For the most part, major weapons programs aren’t being targeted for extensive reductions, according to the plan.