“We’re not looking at the kind of overall pool that makes it possible to offset the kind of defense cuts we have now, much less sequestration,” she told Reuters after speaking to the conference.
Sequestration refers to automatic across-the-board budget cuts, which could amount to roughly 10 percent of the Pentagon’s budget, due to take effect on January 2, 2013, unless lawmakers agree on a last-ditch plan to trim the deficit by $1.2 trillion.