In the News
Congress proposes fixes to troubled Pentagon acquisition system
The consequences of the cost overruns that plague so many Pentagon procurement programs have traditionally been limited to tongue lashings from Congress, bad press and not a whole lot else.
But under a proposal from the chairmen of the House and Senate Armed Services committees, the services would have to cough up real cash — 3 percent of the amount of the overrun — when the costs of their programs go overbudget.
The measure is part of what Senate committee chairman, Sen. John McCain (R-Ariz.), called “the most sweeping acquisition reforms in a generation,” another in a series of attempts to fix the way the Pentagon spends billions of dollars on weapons and other programs annually.
READ: The Washington Post
