Pentagon cuts coming

Thursday - 7/1/2010, 1:28pm EDT

The Pentagon needs to save $100 billion dollars in the next 5 years. Secretary of Defense Robert Gates says cutting weapons systems and contractor services may be the way to go. The Pentagon will spend about $400 billion of its roughly $700 billion budget on weapons and services from defense contractors. Gates said it is "a matter of principle and political reality to make sure every taxpayer dollar counts."