Word: excess
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...more than tarnish the reputation of Rickover, 84, who retired in 1982 after 59 years in the Navy. To executives at General Dynamics, such favors were part of the cost of doing business and keeping the cantankerous admiral happy. But to congressional budget cutters eyeing the Defense Department for excess fat, they are part of a broader investigation into charges that General Dynamics fleeced the Government of hundreds of millions in cost overruns. Those and other allegations have drawn the attention of investigators from five congressional committees, the Navy, the Justice Department and the Securities and Exchange Commission...
Meanwhile, the Navy settled with General Dynamics, paying $634 million of $843 million in excess costs claimed by the company for construction of the SSN-688 Los Angeles-class attack submarines. Rickover bitterly criticized the settlement...
...course of its investigation, the committee discovered that 463 checks were missing from the bank statements supplied to it by Ferraro and her husband. The report said that "a fair percentage of the missing checks are for sums in excess of $1,000 and up to a high of $22,078.35." The committee did not question Ferraro on the missing checks and the Congresswoman offered no explanation...
...fiscal 1984, which ended Sept. 30, to $210 billion in the current financial year and only slightly less in 1986. And these calculations assume renewed growth in the economy that the deficits themselves could all too easily retard. For example, a major cause of the current slowdown is the excess of U.S. imports over exports, estimated at a gargantuan $130 billion this year; this trade deficit is aggravated by the budget deficit, which keeps U.S. interest rates and the value of the dollar artificially high...
...next lock, No. 22, died within the past month. Kaldefoss reports that he hopes to make a few more trips before ice closes the canal system around the end of November. Both men wonder how long it will be before the state of New York, which is spending in excess of $25 million a year to maintain the barge canal system, decides that it can no longer afford...