More Dollars, Less Sense: Worsening Contracting Trends Under the Bush Administration
http://oversight.house.gov/features/moredollars/Last year, Rep. Henry A. Waxman released the first comprehensive assessment of government contracting under the Bush Administration. One year later, Chairman Waxman is issuing a new report which reveals that the worrisome trends identified last year have worsened significantly. For the first time, (1) annual federal procurement spending crossed the $400 billion threshold, (2) more than half of this spending — over $200 billion in new contracts — was awarded without full and open competition, and (3) the total value of wasteful federal contracts now exceeds $1 trillion.
Chairman Waxman has also released an updated database of federal contracts exhibiting signs of waste, fraud, and abuse.
http://oversight.house.gov/features/moredollars/contractsearch.aspThe database is searchable and available to the public.
Click here to learn more about the report and the Committee's ongoing work in contracting oversight.
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