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Military Exempted from Possible Pay Cuts

The White House Office of Management and Budget informed Congress today that it will exempt from potential automatic budget cuts billions of dollars earmarked for military pay and benefits.

Office of Management and Budget Acting Director Jeffrey Zients, in a two-paragraph letter to lawmakers, said the exemption “is considered in the national interest to safeguard the resources necessary to compensate the men and women serving.”

Source: Bloomberg. Read full article. (link)

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