Marketplace

Search

Tuesday, September 18, 2007

Listen to the show

Wanted: Pentagon bookkeepers

U.S. Capitol Building

With this week's defense authorization bill in the Senate comes the possibility of another half a trillion dollars for non-war Pentagon spending. But Steve Henn reports they're already having trouble keeping track of the books.

U.S. Capitol Building (Paul J. Richards/AFP/Getty Images)

More on Politics

TEXT OF STORY

Doug Krizner: The Senate will debate the defense authorization bill this week. Funding levels for the wars in Iraq and Afghanistan will take the headlines, but the bill also gives the Pentagon nearly a half-trillion dollars for things other than these wars. And as Marketplace's Steve Henn reports, Pentagon auditors are having trouble keeping track.


Steve Henn: The Government Accountability Office say the Pentagon's books are a mess. It found the Department couldn't ensure basic accountability or detect fraud and abuse.

Danielle Brian runs the Project on Government Oversight. She says for years, auditors haven't gotten enough support.

Danielle Brian: It is nearly impossible for the Pentagon's auditors. They are beleaguered, continually their staffs are cut.

Accountants at the DoD have lost tens of billions of dollars in recent years. This was Donald Rumsfeld describing financial management there on Sept. 10, 2001:

Donald Rumsfeld: According to some estimates, we can not track $2.3 trillion in transactions.

But Rumsfeld's mission to clean up the Penatgon's books was sidetracked the very next day.

Now, six years later, Pentagon spending has more than doubled -- and the DoD's books are still a mess.

In Washington, I'm Steve Henn for Marketplace.

The Specials

GAME: Budget Hero

Budget Hero

Think you could balance the federal budget? Play the game.

Conversations from the Corner OfficeTM

Conversations From the Corner Office

Marketplace goes one-on-one with CEOs, company founders, head honchos...

Sit in

Working

Working

Intimate profiles of workers in the global economy.

Meet them

Marketplace on iTunes U

iTunes U

Marketplace is on Apple's online education platform, iTunesU. Get free downloads in subjects like History, Science, Business and more. Study up

American Public Media © |   Terms and Conditions   |   Privacy Policy