Trump considering finance experts to fix DOD financial issues

In a recent broadcast of NewsNation's 'The Hill,' Rep. Adam Smith, the House Armed Services Committee Ranking Member, discussed potential changes in the Department of Defense under President-Elect Donald Trump's administration. He noted that the Pentagon is often criticized for its poor financial management, citing ongoing issues in its auditing processes. He highlighted the importance of appointing individuals with financial backgrounds in top positions within the DOD to address these shortcomings. Smith emphasized the need for the Pentagon to move towards a full audit, which he described as a significant challenge due to the current structure and inefficiencies. Adam Smith reiterated that progress is being made and he is hopeful that with the right financial expertise, the Pentagon can achieve better procurement and acquisition processes. He underscored the critical role that technology plays in modern defense, particularly in areas like drones and software acquisition. Smith expresses optimism that finance professionals in leadership could lead to wiser spending and address longstanding financial issues effectively. In conclusion, the advocates stress that these changes hold promise for dramatically improving the Pentagon's operational capabilities and efficiency in spending.