President Obama announced his military policy yesterday. NYT coverage can be found here. A little snippet:
Mr. Obama outlined a new national defense strategy driven by three realities: the winding down of a decade of war in Iraq and Afghanistan, a fiscal crisis demanding hundreds of billions of dollars in Pentagon budget cuts and a rising threat from China and Iran.
Slate argues that the cuts will pose "existential" problems for the army and the marines.
The report containing the recommendations can be found here