BUYING POWER

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05/24/2013 10:38 AM CDT

Frank Kendall, undersecretary of defense for acquisition, technology and logistics, speaks on the new Better Budget Buying Power Initiative 2.0 at the Center for Strategic and International Studies in Washington, D.C., May 23, 2013. Deputy Defense Secretary Ash Carter, who introduced Kendall, said the initiative will help mitigate the effects of sequestration.