WEBVTT

00:04.500 --> 00:10.790
That. Defense secretary leon panettareleased a statement today

00:10.790 --> 00:14.260
about the possibility of the fiscalleft and the potential impacts

00:14.260 --> 00:17.510
see quest ration could have onthe military secretary panetta

00:17.510 --> 00:20.810
said undersea quest ration. We wouldstill have funds available

00:20.810 --> 00:23.970
after january second butter overallfunding for the remainder

00:23.970 --> 00:27.430
of the year would be reduced thissituation is different from

00:27.460 --> 00:30.730
other scenarios we have encounteredin recent years such as brats

00:30.730 --> 00:34.450
of government shutdown due to alapse in Appropriations should

00:34.450 --> 00:37.590
we have to operate under reducedfunding levels for an extended

00:37.590 --> 00:41.250
period of time. We may have to considerfurloughs or other action

00:41.250 --> 00:44.830
in the future. In addition secretarypanetta assured careful

00:44.830 --> 00:48.620
examination of other options toreduce costs within the agency

00:48.620 --> 00:57.570
before taking such action taking intoconsideration the core mission. It..

