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Pentagon racks up $35 trillion in accounting changes

Anthony Capaccio  |  January 22, 2020

By Anthony Carpaccio, includes “The Pentagon made $35 trillion in accounting adjustments last year alone … The latest estimate is up from $30.7 trillion in 2018 and $29 trillion in 2017, the first-year adjustments were tracked in a concerted way … The watchdog agency will release a report on the subject Wednesday … said Speier, a California Democrat. The report shows the Pentagon ‘employs accounting adjustments like a contractor paints over mold.’  …”

Read the full article on: Bloomberg

 
 
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