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And if lawmakers do not reach a deal to avert the fiscal cliff.
Automatic spending cuts will be kicking in including major cuts to the defense budget.
Molly Henneberg is live in Washington format Molly how hard would hit the Defense Department.
Greg the whole package of spending cuts is about one point two trillion dollars and more than half of it would be to the Defense Department.
The army navy air force Marines would take equal cuts according to one fox military analysts who says the impact on the military overall will be quote.
The Pentagon and a department -- already -- financial trouble because.
There's already been a 480 billion dollar cut.
That's that's been applied right now as we speak to take another cut on top of that is is is devastating.
And it's not just the military itself that we'll take a hit also the defense industry defense contractors private companies that do work for the Pentagon.
One democratic congressman in Northern Virginia whose district may be hit hardest by all of this says it could mean layoffs.
Now the large defense contractors will probably be okay they have significant cash reserves most of them.
The smaller contractors.
Would have trouble getting.
That their lines of credit extended.
Trouble keeping their employees if they can't be assured of continued employment.
Congressman -- says it's legal over the cliff what she thinks we will.
Then the impact and severity of these automatic defense spending cuts depends on how long -- -- in place into the new year.
Before congress finally fixes this fiscal cliff problem.
Molly Henneberg go Molly you know these cuts were never expected to be enacted were -- Right during and at the budget battles of 2011 and remember that super committee they were trying to find spending cuts during that time.
We'll -- spending cuts we're putting in as an unthinkable trigger to force lawmakers to find a way to cut spending.
Make it -- -- them -- White House insisted that happened that come out of it.
The Department of Defense budget something that.
Many conservatives just think -- watch much much too harsh and which as it turned out the president's own secretary of defense and -- -- -- the US military so.
It was -- design to being an aggressive cut it down military budget.
So that it wouldn't happen -- now face the possibility that -- Now the only way to avoid these cuts being implemented at least for a little while is for congress to reach a deal before the new year.
I was looking over here is I wanted to know whose idea was.
It apparently came from the White House according to Bob Woodward in his book the price of politics.
Jack -- rob nabors.
At the White House presented the proposal on behalf.
All of the president.
So it's in -- and that now all he is struggling to try to deal with his own proposal.
Molly had time's running short -- my nature is.
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