U.S. Army says it faces "dire" financial situation as cuts loom
WASHINGTON (Reuters) - A senior military budget officer said on Wednesday that converging financial pressures could leave the U.S. Army with just $2 billion to spend on operations, maintenance and training this year after it has funded the war in Afghanistan and other security needs. That is a fraction of what the Army usually spends to train soldiers, maintain bases, refurbish equipment and carry out overseas operations during a seven-month period and has created a "dire" and "unprecedented" outlook, said Major General Karen Dyson, director of the Army Budget Office. ...
