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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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