POSTED: Tuesday, June 26, 2012 - 11:00pm
UPDATED: Tuesday, June 26, 2012 - 11:14pm
The alarm is sounded. More than 1 million defense-related jobs — including 91,000 in Texas — could be lost if Congress fails to act on budget deals to forestall across-the-board cuts, Obama administration officials and lawmakers have warned.
Defense Secretary Leon Panetta cautioned lawmakers that national security would be threatened if Congress fails to reach agreement on spending cuts to avoid sequestration: deep cuts agreed to in last year’s deficit reduction deal.
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