By a vote of 93-0, the Senate Thursday passed a bill aimed at reforming the way the Pentagon buys weapons. Armed Services Committee Chairman Sen. Carl Levin, D-Mich., a key sponsor of the bill, said cost overruns soak up budget dollars from other promising programs, "and that means we're denying our troops, as well as soaking our taxpayers." Among other measures, the law will create a director of independent cost assessment reporting directly to Defense Secretary Robert Gates and stop programs for reassessment once costs rise 50% above initial estimates.

Full Story:

Related Summaries