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NEWS: Sanders, Braun, Grassley, Warren, Wyden Send Letter to Secretary of Defense Urging Investigation of Price Gouging by U.S. Defense Contractors

Press Release

Date: May 25, 2023
Location: Washington, D.C.
Issues: Defense Government Budget and Spending

"These companies have abused the trust government has placed in them, exploiting their position as sole suppliers for certain items to increase prices far above inflation or any reasonable profit margin.

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The DOD can no longer expect Congress or the American taxpayer to underwrite record military spending while simultaneously failing to account for the hundreds of billions it hands out every year to spectacularly profitable private corporations. We ask that you please provide us an update on the Department's efforts to implement outstanding GAO recommendations related to financial management and fraud risk reduction, as well as your efforts to investigate the price gouging uncovered by CBS' recent reporting."


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