Pentagon Fails to Account for Billions in Audit
The U.S. Department of Defense has failed its sixth consecutive audit, demonstrating an ongoing inability to account for billions in spending. Despite the Pentagon's budget approaching $1 trillion—the largest of any federal agency—it has never passed an annual audit required by Congress and lacks a clear timeline for when it might achieve this. The latest audit examined $3.8 trillion in assets and $4 trillion in liabilities, with the Pentagon arguing they have made progress, though there is no concrete evidence to support this claim.
- The Pentagon comptroller and other officials have failed to provide a definitive deadline for passing the audit, moving away from a previously suggested 2027 target.
- President Joe Biden's budget request for a record $886 billion for the Pentagon faces the possibility of an additional $80 billion increase by Congress, despite the ongoing audit failures and threats of a government shutdown over spending concerns.
https://theintercept.com/2023/11/17/pentagon-audit-failed/
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2023-11-29 09:02:51
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npub1dwegu7taqadap2pzw6dszulc6r7gwmldawjpdrersuykxxlyzfeskds9g9Published at
2023-11-29 09:02:51Event JSON
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"content": "Pentagon Fails to Account for Billions in Audit\n\nThe U.S. Department of Defense has failed its sixth consecutive audit, demonstrating an ongoing inability to account for billions in spending. Despite the Pentagon's budget approaching $1 trillion—the largest of any federal agency—it has never passed an annual audit required by Congress and lacks a clear timeline for when it might achieve this. The latest audit examined $3.8 trillion in assets and $4 trillion in liabilities, with the Pentagon arguing they have made progress, though there is no concrete evidence to support this claim.\n\n - The Pentagon comptroller and other officials have failed to provide a definitive deadline for passing the audit, moving away from a previously suggested 2027 target.\n \n - President Joe Biden's budget request for a record $886 billion for the Pentagon faces the possibility of an additional $80 billion increase by Congress, despite the ongoing audit failures and threats of a government shutdown over spending concerns.\n\nhttps://theintercept.com/2023/11/17/pentagon-audit-failed/",
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