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January 5th, 2012
01:59 PM ET

Obama unveils plans for pared-down military

President Barack Obama unveiled his administration's plan Thursday for a leaner, cheaper military, a reflection of Washington's fiscal belt tightening and slower national economic growth.

The president insisted the new strategy - which eliminates the military's ability to actively fight two major wars at once - will allow U.S. armed forces to effectively combat terrorism while confronting any new threats from countries like China and Iran.

Tonight on Erin Burnett OutFront: what does this monumental shift in policy mean for the U.S. military, and for the country? Join us tonight at 7 p.m. ET on CNN.

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Filed under: National Security • Politics
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