Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Senator Kyl May Quit Supercommittee If Defense Is Cut More

Senator Jon Kyl, an Arizona Republican, warned that he would quit the special congressional committee tasked with deficit reduction if defense faces deeper cuts.

“I am off of the committee if we are going to talk about further defense cuts,” Kyl said today at an event organized by the American Enterprise Institute, the Foreign Policy Initiative and the Heritage Foundation in Washington.

Kyl said that the supercommittee can find cuts of $1.5 trillion without forcing further cuts to discretionary spending. Defense amounts to more than half of the government’s discretionary spending.

President Barack Obama signed a measure on Aug. 2 that calls for trimming $350 billion from planned defense spending over 10 years. The law calls for a special congressional committee to find $1.5 trillion in deficit reduction throughout the federal government.

If Congress fails to act, the deal calls for an automatic cut of an additional $500 billion in defense spending over a decade, not including interest.

“People kid about waste, fraud and abuse. That is real,” Kyl said.“If we have the courage to face that, we can find the savings without forcing additional discretionary cuts.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.