Obama announces major cutbacks to US military budget

In a Thursday Pentagon briefing President Barack Obama said he plans to roll back the cost on the bloated military. The new plan will cut thousands of jobs and save the country at least four hundred and fifty billion dollars. The defense budget could decrease another five hundred billion by the end of the year.

Obama is calling the plan a 'moment of transition' and a way to make the US military 'leaner'. He vowed to give up long-term nation building like the operations in Afghanistan and Iraq. 

And the focus of the US military will also shift. The Asia-Pacific region will become an area of concern for the military. 

But following the announcement China’s state media agency wrote an editorial criticizing the US for this shift in focus. They warned the Western military giant against flexing its muscles in the region. 

More specifics on the new US Defense plan will come out with the federal budget next month.