Weak U.S. Dollar Forces Pentagon to Provide Cash Infusion to Key Accounts

By Jason Sherman / June 11, 2008 at 5:00 AM
The weakening U.S. dollar is forcing the Pentagon to hunt for more than $500 million to pay for goods and services overseas in foreign currencies and keep solvent a range of accounts that fund personnel and operations needs, as well as security assistance and classified intelligence programs. On June 9, Pentagon Comptroller Tina Jonas approved a six-page reprogramming action that shifts unobligated funds from fiscal year 2006 appropriations, including unspent balances from the Hurricane Katrina emergency supplemental, to pay for...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.