US taxpayers hand over nearly a trillion dollars to the Department of Defense every year.
In March the Defense Department laid out details of its $849.8 billion budget request, which is expected to fund operations during fiscal year 2025.
In November 2023 the Department of Defense announced the completion of a department-wide financial statement. Michael McCord, the DoD Under Secretary of Defense and Chief Financial Officer, announced at the time, “Auditing the Department’s $3.8 trillion in assets and $4.0 trillion in liabilities is a massive undertaking. But the improvements and changes we are making every day as a result of these audits positively affect every soldier, sailor, airman, marine, guardian, and DoD civilian.”
On Thursday The Department of Defense announced that they were having trouble finding out the exact extent of taxpayer dollars that are going to Chinese research laboratories – “The full extent of DoD funds provided to Chinese research laboratories for research related to enhancement of pathogens of pandemic potential is unknown.”
