Bipartisan Bill Would Dock Pentagon's Budget for Failed Audits
The measure would cut 2% from any Defense Department office that misses a clean audit and send the money to the Treasury, lawmakers said.
- On Thursday, Senators Bernie Sanders and Chuck Grassley reintroduced the Audit the Pentagon Act, legislation proposing to withhold 2% of the budget from any Defense Department component failing to achieve a clean audit.
- The Defense Department has never passed a financial audit in the more than three decades since Congress first required one, failing eight consecutive annual audits without consequences despite lawmakers approving massive budget increases yearly.
- Sanders identified examples of "waste and fraud" in a press release, citing almost $141 billion spent on a Northrop Grumman ballistic missile project seven years behind schedule and more than $126 billion on a General Dynamics submarine program.
- Acting Comptroller Jules Hurst argued audit failures stem from valuing decades-old equipment, while the bill gained 10 cosponsors including Republicans Mike Lee of Utah and Rand Paul of Kentucky and Democrats Elizabeth Warren and Cory Booker.
- The Pentagon faces a statutory deadline of December 31, 2028, to achieve a clean audit opinion, as the administration seeks $1.5 trillion in total military spending for fiscal year 2027 amid the ongoing Iran war.
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Common Sense & the Pentagon Budget
For Americans, the courage required today is not to defeat an empire abroad, but to confront one at home — the Military-Industrial-Congressional Complex, writes Dennis Laich. By Dennis Laich Eisenhower Media Network The first sentence of Thomas Paine’s classic 1776 essay, "Common Sense," ur
Bipartisan bill would dock Pentagon’s budget for failed audits
Two U.S. senators want to attach a financial penalty to the Pentagon's long-running failure to pass an audit. The post Bipartisan bill would dock Pentagon’s budget for failed audits first appeared on [your]NEWS.
Bipartisan bill would dock Pentagon's budget for failed audits
(The Center Square) – Two U.S. senators want to attach a financial penalty to the Pentagon's long-running failure to pass an audit.
Sanders, Grassley team up to penalize Pentagon for failing audits
A bipartisan duo is pushing a bill to impose financial consequences if the Pentagon fails to pass a full, independent audit after its eighth straight review could not account for trillions of dollars.
Amid Iran war, Sens. Sanders and Grassley introduce a bill to fine the Pentagon if it fails an audit
As the Iran war continues, Sens. Bernie Sanders and Chuck Grassley say the Pentagon should perform its first successful audit, as required by law, or face fines.
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