The Missing Money
According to some estimates, we cannot track $2.3 trillion in transactions.

Defense, Homeland Security can’t pass audits
Disorganized records leave big-budget agencies vulnerable to waste, fraud.

The review of financial statements from the federal government’s 15 executive departments shows that most pass their audits, although many agencies — including NASA, the Coast Guard and FEMA — have been frequently cited for serious accounting errors.

The entire Homeland Security Department, with a $35 billion budget this fiscal year, passed its first audit in 2003 with strong stipulations but has failed every one since.

“The consequence to the public is the federal budget is conceivably larger than it needs to be. And there’s no way of knowing, if it can’t even be audited,” said Ronald W. Johnson