Pentagon Casually Loses Track Of $800 Million
February 6, 2018
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10:58Now PlayingPentagon Casually Loses Track Of $800 Million
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"The Defense Logistics Agency in the Pentagon has reportedly “lost track” of hundreds of millions of dollars that it has spent, according to a Politico report about an internal audit. Accountants from Ernst & Young are said to have conducted the audit and found the agency did not properly document more than $800 million in construction projects—and it’s only one of the audit’s examples of a lack of receipts and unreliable financial tracking system. The documents, according to Politico, renew questions about whether the Department of Defense as a bureau can handle managing its $700 billion annual budget, which President Trump has called to greatly increase."
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