Fed Housing Dept Has $43 Billion Worth Of Indecipherable Records
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Kathryn Watson
Reporter
10:17 PM 08/22/2016
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President Barack Obama appears with Julian Castro, secretary of Housing and Urban Development, at the Department of Housing and Urban Development on July 31, 2014 in Washington, D.C. (Andrew Harrer-Pool/Getty Images) President Barack Obama appears with Julian Castro, secretary of Housing and Urban Development, at the Department of Housing and Urban Development on July 31, 2014 in Washington, D.C. (Andrew Harrer-Pool/Getty Images)
Department of Housing and Urban Development (HUD) officials have ignored 63 financial management recommendations from Congress’ investigative arm since 2012 and only half-heartedly followed many more, resulting in the $43 billion agency’s books to be all but useless.
Things have gotten so bad at HUD so rapidly, that auditors who found only one “material weakness” in the department’s accounting in 2012 found nine in 2015, according to a Government Accountability Office (GAO) report published Monday.
Read more:
http://dailycaller.com/2016/08/22/fed-housing-dept-has-43-billion-worth-of-indecipherable-records/#ixzz4I9dOhrz0
