U.S. to cut armed forces – Obama

The U.S. President Barack Obama unveiled on Thursday a new defense strategy that seeks to cut the country’s armed forces as a part of major cuts to the U.S. defense budget by almost $500 billion, RIA Novosti reported. "Our military will be leaner but the world must know – the United States is going to maintain our military superiority with Armed Forces that are agile, flexible and ready for the full range of contingencies and threats," Obama told a press conference at the Pentagon.

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