Pentagon Fails Seventh Straight Audit
The Pentagon announced late last week that it failed its seventh consecutive audit as the sprawling, profiteering-ridden department wasn't able to fully account for its trillions of dollars in assets.
As with its past failures to achieve a clean audit, the U.S. Defense Department attempted to cast the 2024 results in a positive light, with the Pentagon's chief financial officer declaring in a statement that "momentum is on our side."
The Pentagon is the largest U.S. federal agency and is responsible for roughly half of the government's annual discretionary spending, with its yearly budget approaching $1 trillion despite long-standing concerns about the department's inability to account for vast sums of money approved by lawmakers and presidents from both major parties.