:

Pentagon

Pentagon Likely A ‘Few More Years’ Away From Clean Financial Opinion, DoD Comptroller Nominee Says

By Matthew Beinart

Tuesday, May 11th, 2021

SHARE:

Pentagon Likely A ‘Few More Years’ Away From Clean Financial Opinion, DoD Comptroller Nominee Says

Michael McCord, nominee to serve as the next Defense Department comptroller and chief financial officer

President Joe Biden’s nominee to serve as the Pentagon’s next comptroller said Tuesday it will likely be “a few more years” before the department’s financial audit receives a clean opinion, adding he will focus on information access and control measures that could help reduce areas of wasteful spending. Michael McCord, who previously held the same role during the Obama administration, told the Senate Armed Services Committee (SASC) that progress on the financial audit won’t solve the full swath of the…

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

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 […]

Congress

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 […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

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 […]

Congress

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 […]