How Did Military Find $1B to End Furloughs?

Posted August 12, 2013 at 7:10am

The Virginian-Pilot reports that “after weeks of furloughs that cost some 650,000 civil servants six days of pay, Defense Secretary Chuck Hagel announced this week that money had been located to end the shrunken paychecks.”

“That’s a big windfall for a department that told Congress national defense was at risk from imposed cuts known as sequestration. So how did defense officials find the money?”

“They moved funds around. By transferring money from acquisition accounts to day-to-day operations, Hagel said, the Pentagon found a billion dollars to end the furloughs, and about $500 million to restore cut programs.”