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HAGEL PROPOSES BIG CUTS IN ARMY IN 2015 BUDGET

Defense Secretary Chuck Hagel on Monday proposed shrinking the Army to its smallest size in 74 years, closing military bases and making other military-wide savings as part of a broad reshaping after more than a decade of war. Hagel outlined his vision in a speech at the Pentagon, a week before President Barack Obama is to submit his 2015 budget plan to Congress. Hagel said that U.S. forces must adjust to the reality of smaller budgets, even as he asserted that the United States faces a more volatile, more unpredictable world that requires a more nimble military.