By Emelie Rutherford A lawmaker on a key oversight panel is prodding the Pentagon's audit contracting arm to be more expeditious in its work so defense companies don't incur excessive costs. During a hearing of the Senate Homeland Security and Government Affairs Committee's Ad Hoc Contracting Oversight subcommittee, Subcommittee Ranking Member Scott Brown (R-Mass.) said defense firms in his state are losing "real money, real dollars" waiting for DCAA to complete cost-incurred audits conducted at the ends of defense contracts.…
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Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]
Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine
A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]
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Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]
CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year
A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]
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