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Reid says Halliburton ties motivating Cheney to stop defense cuts

Senate Majority Leader Harry Reid (D-Nev.) suggested Tuesday that former Vice President Dick Cheney’s concern over defense cuts is motivated by his ties to Halliburton, a major defense contractor.

Cheney served as CEO of Halliburton from 1995 to 2000.

Cheney met with Senate Republicans Tuesday afternoon to warn them of the national security implications of the impending $500 billion in sequester cuts to the defense budget.

Reid noted that Halliburton flourished after Cheney became vice president, profiting handsomely from government contracts during the war in Iraq. He said Cheney is likely still defending the company’s interests.

“Well, Vice President Cheney's up here. We know that before he became vice president, he worked for Halliburton. Halliburton did extremely well during his time as vice president, and I assume there's going to be some concern about Halliburton again in this conversation they're going to have today,” Reid told reporters.

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