WASHINGTON, Aug. 4 -- Sen. Ron Wyden issued the following press release:
Washington D.C.-U.S. Senators Ron Wyden and Jeff Merkley today said they joined Senate colleagues in reintroducing legislation that would impose financial consequences if the Pentagon fails to pass a full, independent audit. Any Pentagon department that fails to achieve a clean audit would have 2% of its budget withheld and returned to the U.S. Treasury for deficit reduction.
"Taxpayers cannot keep writing blank checks for a Department of Defense that repeatedly fails to account for trillions of dollars in assets," Wyden said. "The Pentagon remains the only major federal agency incapable of passing a clean financial audit. It is long past time to enforce real financi...