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Flash News List

List of Flash News about US Pentagon

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2025-02-09
20:06
US Pentagon's Audit Costs and Failures Impact on Financial Markets

According to The Kobeissi Letter, the US Pentagon's audit in 2018 cost $1 billion, marking it as the most expensive audit ever. Adjusted to 2024, these costs are estimated at $1.5 billion. This financial inefficiency may affect defense-related stocks and government bonds due to increased scrutiny and potential budget reallocations.

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2025-02-07
19:56
Elon Musk and DOGE to Audit US Pentagon Spending, Says President Trump

According to The Kobeissi Letter, President Trump has announced that Elon Musk and the cryptocurrency DOGE will be involved in auditing the US Pentagon's spending. This development follows the Pentagon's failure to fully account for its $824 billion budget, marking the seventh consecutive audit failure. Last year, the Pentagon was unable to properly account for 63% of its budget. The involvement of a prominent figure like Elon Musk, alongside a cryptocurrency, could have significant implications for transparency and accountability in US government spending, potentially impacting DOGE's market perception and trading value as investors assess the cryptocurrency's role in such high-profile audits.

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