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On Thursday, the House held a joint Oversight subcommittee hearing looking into the financial management of the Department of Defense (DoD). The DoD’s budget constituted 15 percent of total government spending and half of discretionary spending but failed its previous five audits. The hearing exposing the extraordinary extent of the failure to report spending did not receive any live coverage on CNN or MSNBC, leaving us to wonder if the broadcast networks (ABC, CBS, and NBC) will also skip it.
John Tenaglia, the Principal Director of Defense Pricing and Contracting for the DoD, Brett Mansfield, Deputy Inspector General for Audits and DoD Inspector General, and Asif Khan, Director of Financial Management and Assurance for the U.S Government Accountability Office, testified on behalf of the DoD. Representative Glenn Grothman chaired the hearing, calling the DoD’s recorded spending an “extravagant game of hide and seek.”
“DoD was unable provide auditors with an accurate […]
Read the rest of this story here: newsbusters.org
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