Type of Content
Approved Story
1
Format
Region
News Item Format
Standard
The federal government's books are in such bad shape that auditors can't even do their jobs, and the national debt is growing at an "unsustainable" rate, the Government Accountability Office (GAO) warned in its annual comprehensive review of the government's financial statements.
The GAO singled out the Pentagon—as it has every year since 1990, when federal auditors first started trying to peer into the black hole of military spending—for "serious financial management problems." That includes more than 1,300 new issues raised during this year's incomplete audit of the Defense Department. Despite those persistent financial problems, the Pentagon has seen a huge boost in spending under the Trump administration.