Defense Faces $45B in Sequestration Cuts

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Jan. 31 (Bloomberg) -- As the U.S. gross domestic product takes a hit from lower defense budgets, federal spending cuts viewed as unthinkable a few months ago -- $1.2 trillion falling heavily on the Pentagon -- are seen as likely starting March 1. Jullianna Goldman reports on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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