Panetta warns of 'crisis' in military readiness Associated Press Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 10:50 am, Thursday, February 7, 2013 WASHINGTON (AP) — Looming across-the-board budget cuts present the U.S. military with the most significant readiness crisis in more than a decade and quick action is needed to avoid the spending reductions, Defense Secretary Leon Panetta warned during testimony Thursday before the Senate Armed Services Committee. If ... Read More