Panetta, supercommittee members have not held formal meeting


If the supercommittee fails to reach a deal on federal cuts, $500 billion in Pentagon cuts over a decade would be triggered. That would be in addition to $350 billion over the same span mandated under the summer debt-reduction deal.

Panetta has described that nearly $1 trillion cut as a “doomsday” mechanism that would create a “hollow force.”

In an October report, however, the Project on Defense Alternatives called that level of military cuts “reasonable.”

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