Leon Panetta and Gen. Martin Dempsey

In this Nov. 10, file photo Defense Secretary Leon Panetta and Joint Chiefs Chairman Gen. Martin Dempsey take part in a news conference at the Pentagon in Washington. The Obama administration is rewriting its defense strategy to absorb hundreds of billions of dollars in the U.S. defense budget cuts while scaling back the longstanding Pentagon goal of being ready to fight two wars simultaneously. The strategy, to be outlined at a news conference also attended by Panetta and Dempsey, is not expected to mark a big change in defense priorities. It may set the stage, however, for expected cutbacks in Europe and big weapons programs.
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( By The Associated Press )

In this Nov. 10, file photo Defense Secretary Leon Panetta and Joint Chiefs Chairman Gen. Martin Dempsey take part in a news conference at the Pentagon in Washington. The Obama administration is rewriting its defense strategy to absorb hundreds of billions of dollars in the U.S. defense budget cuts while scaling back the longstanding Pentagon goal of being ready to fight two wars simultaneously. The strategy, to be outlined at a news conference also attended by Panetta and Dempsey, is not expected to mark a big change in defense priorities. It may set the stage, however, for expected cutbacks in Europe and big weapons programs.

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