Budget deal leaves U.S. defense sector in limbo

Officials from the Pentagon and the U.S. defense sector on Wednesday voiced their relief after Congress approved a two-month delay in large budget cuts, but also warned that a longer-term fiscal solution is needed to lift the uncertainty plaguing the sector, Reuters reported.

"Congress has prevented the worst possible outcome by delaying sequestration for two months. Unfortunately, the cloud of sequestration remains," Defense Secretary Leon Panetta said in a statement. "Congress cannot continue…