Billionaire financier Stephen Feinberg said today that if he is confirmed as deputy defense secretary, he will establish a "war room" to review Pentagon spending in detail to ensure it is aligned to compete with China, highlighting his belief that the department is overly reliant on legacy systems and large prime contractors. Speaking during a Senate Armed Services Committee nomination hearing, Feinberg, the co-founder, co-CEO and chief investment officer for global investment and private equity firm Cerberus Capital Management, said...
