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While most Congressmen acknowledge this need, some are trying to bring black programs under closer scrutiny. Last week a House Armed Services panel met twice to grill Defense officials on the management of the clandestine projects. One reason for the concern is the astounding growth of the programs during the Reagan Administration. According to an analysis of the Pentagon budget by the National Journal, black budgets for researching, developing and procuring secret weapons increased from a mere $892 million in 1981 to $8.6 billion for the up-coming fiscal year. Legislators are concerned that major strategic and budgetary decisions...

Author: /time Magazine | Title: Keeping Programs in the Black | 6/21/2005 | See Source »

Critics of black programs charge that they are often so designated to circumvent the usual competitive procurement procedures. Even a Pentagon panel that issued a report last year titled Keeping the Nation's Secrets concluded that programs could be designated black for reasons other than national security. That can lead to some anomalous situations: the Air Force and Navy will jointly develop versions of an advanced-technology fighter plane, and though the Air Force openly states that its version will cost $35 million apiece, the Navy is keeping its figures under wraps. Yet Senator Barry Goldwater, who has become increasingly...

Author: /time Magazine | Title: Keeping Programs in the Black | 6/21/2005 | See Source »

...Judiciary Committee asked Attorney General Edwin Meese to appoint an independent counsel to investigate Deaver's discussions with former colleagues on matters including South Korean trade, tax breaks for Puerto Rico and continued support for Rockwell International's B-l bomber. Within 90 days, Meese must either ask a panel of three Washington judges to name the counsel or explain why he has not done so. Such an explanation could be ticklish, given the close association between Meese and Deaver. During Ronald Reagan's first term, they constituted two-thirds of the unofficial troika of White House officials who wielded...

Author: /time Magazine | Title: Acid Raining on Deaver's Parade | 6/21/2005 | See Source »

...February a panel of three federal judges rejected that argument but threw out the law anyway on a flipped-over version of the objection. Gramm-Rudman did not infringe upon the authority of Congress, they said, but upon that of the President. The Constitution forbids giving Executive powers to an official who, like the Comptroller, is removable by the legislature. In effect, the judges said, an officer who carries out Executive Branch functions must not be beholden to another branch...

Author: /time Magazine | Title: Law: Who Controls the Comptroller? | 6/21/2005 | See Source »

...Moshe Bejski, a Justice of Israel's Supreme Court, last week censured 16 people who were top banking and government finance officials at the time of the country's infamous 1983 bank-stock crash. Most of them had left their jobs after the debacle. Now the Bejski panel has recommended that six senior banking officials be fired if they refuse to resign. The six are the heads of five major private banks and Moshe Mandelbaum, governor of the government-run Bank of Israel, which is the country's counterpart to the U.S. Federal Reserve. The commission urged that four...

Author: /time Magazine | Title: Harsh Verdict: Israel's bankers are under fire | 6/21/2005 | See Source »

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