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Tag Archives: Defense Department

Dan Blair: Pentagon Falling Behind in 2014 Audit Readiness Goal

A lead Defense Department auditor believes the Pentagon may not reach its goal of producing a clean budget statement by 2014, GovExec reports. Dan Blair, the department’s deputy inspector general for auditing, made the remarks last Tuesday at the American Institute of Certified Public Accountants’ conference on governmental accounting and …

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Pentagon Putting $9B Into Energy Strategy; Panetta, Burke Comment

The Defense Department is investing $9 billion over the next five fiscal years in initiatives for addressing energy security and diversifying energy supplies, the department announced Wednesday. For fiscal 2013, the department is setting aside $1.6 billion for the operational energy strategy. Secretary Leon Panetta said in the announcement that …

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Senators Propose Pentagon Audit Legislation

Nine senators are proposing a bill that aims to create incentives and accountability standards for auditing the Defense Department, Sen. Joe Manchin’s (D-W.Va) office announced Thursday. Manchin, Tom Coburn (Okla.), Kelly Ayotte (R-N.H.), Scott Brown (R-Mass.), John Cornyn (R-Texas), Chuck Grassley (R-Iowa), Ron Johnson (R-Wisc.), Claire McCaskill (D-Mo.) and Rand …

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Senate Appropriations Subpanel OKs $604B in 2013 Defense Funds

The Senate Appropriations defense subcommittee recommends moving $5 billion from the Defense Department’s base budget into a separate spending bill for Afghanistan operations, Defense News reports. Kate Brannen reports the transfer would bring the Pentagon’s total budget to nearly $604 billion, including $511 billion for base funds and $93 billion …

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Lockheed’s Bob Stevens on Sequestration: “We are hungry for more guidance”

Lockheed Martin Chairman and CEO Bob Stevens outlined the firm’s recent cost-cutting efforts and potential effects of sequestration during testimony before the House Armed Services Committee on Wednesday. The Defense Department is cutting $480 billion from its budget over the next decade and that amount could swell to nearly $1 trillion if sequestration takes effect …

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