Pentagon fails its financial audit for sixth straight year
Pentagon officials nonetheless claimed significant progress in tracking its assets and correcting hundreds of deficiencies in its accounts.
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Pentagon officials nonetheless claimed significant progress in tracking its assets and correcting hundreds of deficiencies in its accounts.
(Bloomberg) -- The US Defense Department failed for the sixth consecutive year to score a clean financial audit, a goal routinely achieved annually by businesses that have a fraction of its $3.8 trillion in assets and $4 trillion in liabilities.
"The president and Congress must go beyond one-off supplemental measures" to support Naval shipbuilding, writes Mackenzie Eaglen of the American Enterprise Institute.
Armed men from Hamas fired into the air at the funeral of 13 Palestinians killed during a raid in which suicide planes were used and a siege lasting over 24 hours on Nour Shams near the West Bank.
Defense analysts say the U.S. may face challenges in extracting American forces from the region in the wake of Hamas' attack on Israel.