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Wednesday, September 21, 2011

Lawmakers press DoD for better bookkeeping

Every month, troops get their paychecks, military commands buy billions of dollars in gear, and operations roll on worldwide.

Yet the Defense Department has never been able to account for where all that money and equipment goes.

That failure is a growing concern for lawmakers in Washington who are debating whether to slash the Pentagon's $553 billion annual budget.

"During these times of resource constraints and budget cuts, it's imperative that the Department of Defense have reliable, useful and timely information for decision making," Rep. Michael Conaway, R-Texas, told a panel of Pentagon brass on Capitol Hill on Thursday.

Conaway and other lawmakers are pressing the Defense Department to step up oversight of its money and equipment with the goal of conducting a formal audit by 2017.

-Andrew Tilghman, FederalTimes.com

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