Secretary of the Navy Ray Mabus announces the Navy will go ahead with spending reductions to meet fiscal constraints imposed by sequestration. a. Shut down carrier air wing two (cvw-2) in april. f. Return USS Thach (FFG 43) to homeport early from deployment to SOUTHCOM. a. Begin negotiating contract modifications to de-obligate efforts for any investment programs for which the remaining unobligated balance will be insufficient after the sequestration reduction is applied. e.. f. Cancel march navy recruiting media support and reduce the majority of advertising contracts as much as possible under contractual conditions. These actions are being taken to preserve support for those forces stationed overseas and currently forward-deployed.