Sarkozy says France will cut nuclear arsenal to less than 300 warheads

France will cut its nuclear arsenal to less than 300 warheads, President Nicolas Sarkozy said Friday. Sarkozy stressed that he remained firmly committed to France's nuclear deterrent, calling it the nation's life insurance policy, but he also said military spending needed to be re-examined. The French president was speaking Friday at the inauguration of a new nuclear submarine, "The Terrible." It was his first major speech on France's nuclear deterrent since he took power last May.