Sec. Panetta and Army Gen. Dempsey Press Conference

January 5,2012 Defense Department Department of Defense | Briefing Room Secretary Panetta and defense officials spoke to reporters at the Pentagon about U.S. military strategy in the 21st century. The new military strategy included $487 billion in cuts over the next decade. Secretary Panetta said that smaller military budgets would come with some tradeoffs and that the U.S. would take on "some level of additional but acceptable risk."