Homeland Security--Losing Your Money at $1.5 Million an Hour
Congress Says DHS Oversaw $15 Billion in Failed Contracts
By Dana Hedgpeth Washington Post Staff Writer Wednesday, September 17, 2008; D02
In the five years since it was created, the Department of Homeland Security has overseen roughly $15 billion worth of failed contracts for projects ranging from airport baggage-screening to trailers for Hurricane Katrina evacuees, according to congressional data to be released today.
The contracts wound up over-budget, delayed or canceled after millions of dollars had already been spent, according to figures and documents prepared by the House Committee on Homeland Security. A panel of experts is to testify today before the House Subcommittee on Management, Investigations and Oversight on how to fix problems with the DHS acquisitions process.
The six-member panel includes an acquisition director from the Government Accountability Office, leaders of watchdog groups and the deputy inspector general for DHS.