Political gridlock in Washington triggered across-the-board spending cuts, known as the sequester, in March. As a result, the Pentagon was given six months to eliminate $41 billion from the current year’s budget, and unlike past cuts, this time everything is on the table. In 2011, America spent $711 billion dollars on its defense—more than the next 13 highest spending countries combined. But the burdens it shoulders, both at home and abroad, are unprecedented. Could the sequester be a rare opportunity to overhaul the armed forces, or will its impact damage military readiness and endanger national security? Presented in partnership with The McCain Institute for International Leadership at Arizona State University, a center for research and action in national security and foreign policy. It seeks to promote leadership and decision-making, in the best American tradition of open inquiry, spirited discussion and practical action.