Panel Finds Lax Oversight Of Wartime Contracting
- Loading Comments...
RICHARD LARDNER
WASHINGTON (AP) — The Defense Department has failed to provide adequate oversight over tens of billions of dollars in contracts to support military operations in Iraq and Afghanistan, says a new report by an independent commission investigating waste and fraud in wartime spending.
U.S. reliance on private sector employees has grown to "unprecedented proportions," yet the government has no central database of who all these contractors are, what they do or how much they're paid, the bipartisan commission found.
In its first report to Congress, the Wartime Contracting Commission presents a bleak assessment of how taxpayer dollars have been spent since 2001. The 111-page report, obtained by The Associated Press, documents poor management, weak oversight, and a failure to learn from past mistakes as recurring themes in wartime contracting. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |


Connect with TheStreet