DOD may need to reprogram funds to pay $1.5B fuel bill

By Tony Bertuca / January 19, 2022 at 5:00 AM
Pentagon Comptroller Mike McCord made news last week when he said historic inflation rates driven by the ongoing COVID-19 pandemic have left the U.S. military with an unexpected $1.5 billion fuel bill. “I have had to approve two increases in our [fiscal year] 2022 fuel prices -- a first increase on Oct. 1, 2021, and a second on Jan. 1, 2022 -- to keep our working capital fund solvent in response to higher fuel prices,” McCord said during a Jan...

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