"...Defense Secretary Leon Panetta is expected to request, as early as Thursday, two new rounds of military base closures in the United States as part of the Pentagon budget-cutting process, according to defense sources.
Panetta is scheduled to brief reporters at 2 p.m. EST Thursday on how the Defense Department will begin cutting $487 billion from projected spending over the next 10 years to meet the initial spending caps in the Budget Control Act..."
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