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Budget deal trims pensions for working-age military retires, offers Pentagon budget stability
Reported by: Associated Press
Reported: Wednesday, December 11, 2013 3:45 PM EST
Working-age military retirees would see fewer dollars in their federal pensions and the Pentagon would get some long-sought stability in spending under Congress' budget deal.
Under the deal, defense spending in the current fiscal year would be capped at $520.5 billion, up from the current level of $498.1 billion.
Defense leaders and members of Congress' military panels welcomed the certainty promised in the deal, even though numbers weren't exactly what they wanted.
A House vote is likely Thursday.