12/04/13: CNN reports Defense Secretary Chuck Hagel on Wednesday announced he's trimming the Pentagon headquarters' budget by 20%, starting in 2014. It will result in jobs cuts and reduction in contracts with private companies. The budget cuts will happen even if Congress ends sequester, according to the defense agency. Hagel said the time is right to "pare back overhead and streamline headquarters," after the fast growth of the agency in the wake of the September 11, 2001 terrorist attacks. The cuts would trim $1 billion from 2014 through 2019. Hagel said the first jobs to be cut will about 200 workers from his own team of 2,400. Savings would come mostly by cutting back some contracts with private companies, but the agency said there would be "significant reductions to civilian personnel." The Pentagon has had to cut $40 billion this year since March from the sequester. That led the agency to furlough workers for six days over the summer. The $1 billion in savings announced Wednesday is only a tiny fraction of the $500 billion in defense cuts mandated over the next 10 years by the sequester.