Romney criticises Obama on jobs, defence cuts

Republican challenger Mitt Romney faulted President Barack Obama for the country`s weak jobs outlook and looming defence cuts.

Deep defence cuts mean fewer troops: Panetta

Defense Secretary Leon Panetta warned Congress of the dire implications of deeper defense cuts.

US defence cuts mean `hard decisions`: Gates

Defence Secretary Robert Gates has said that fiscal pressures on the US military`s budget will require sacrificing some missions abroad and scaling back pay and benefits.

US announces major defence cuts

US Defence Secretary announced $78 billion in cuts to military programmes over the next five years.