The Defense Department is entering into the final stage of a three-phase approach to tackling the financial management problem that has vexed nearly every defense secretary, Pentagon Comptroller Bill Lynn told House lawmakers today. Lynn said he had recently signed a memorandum that creates a "Y2K-like" panel to oversee the improvements to and replacement of DOD's financial and feeder systems, the third and final step of the plan. The other phases involve consolidating all DOD financial management operations and eliminating...
