Overseas Bases in Budget Crosshairs

The Pentagon wants a smaller foreign footprint, and deficit-weary lawmakers will be only too happy to oblige.

U.S. foreign military bases and installations are under the gun in more ways than one.

Pressure to cut the deficit and trim the $550-billion annual defense budget will spur a consolidation of possibly several dozen military installations in far-flung places during the next three to five years. Savings, which will take a few years to realize because of cleanup and closing costs, could be $10 billion to $20 billion annually, depending on the number and size of installations ultimately cut.

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Richard Sammon
Senior Associate Editor, The Kiplinger Letter