Contracting Problems News Today : Breaking News, Live Updates & Top Stories | Vimarsana

we start on the markets because — a day after wall street closed at new record highs — the jitters have returned. but i don't seem to have a camera! what i can do is... you know what? you can look at my chair. we are coming back. hello, nice to see you again. shares have fallen sharply, oil had its steepest one day fall since last summer, and those bond yields — the effective interest rates on government debt have soared again. the yield on the 10—year us treasury bond hit almost 1.75% — its highest since the very start of the pandemic back injanuary 2020. what's that telli...

The white house went around esper to the white house to try to come up with a secret channel of communication? >> if that's true, if esper's account of this is true, then he esper was within his rights to relieve the secretary of the navy of his duties very lack of trusting confidence. that's simply an egregious set of behaviors there if you're going around your boss to cut a deal. it also sends a chilling degree to the navy about the fix was in and gallagher was going to get his pin regardless of the review process which just a day prior mr. spencer said he wanted to proceed appropriately and...

This is where the cynicism grows? does it not? >> that doesn't mean we have an obligation to see government? my job is to look at contracting. there a lot of problems with contracting. the bush administration wanted to convince everyone they shrunk government. they did. they shrunk the acquisition force and then blew up contracting by many multiples. and we have contracting problems everywhere. and this is the army that made this mistake. and i don't think any american thinks that our army does a bad job. so this is an isolated incident within the army of a very bad example of management and b...

Contracting. there a lot of problems with contracting. the bush administration wanted to convince everyone they shrunk government. they did. they shrunk the acquisition force that watched contractors and then they blew up contracting by many, many multiples. and we have contracting problems everywhere. and keep in mind, this is the army that made this mistake. and i don't think any american thinks that our army does a bad job. so this is an isolated incident within the army of a very bad example of management and bureaucracy gone badly. >> you brought up the army. it's not been a good week for...