Halliburton Has More Time to Verify Costs
By JENNIFER BAYOT
"Government contractors normally cannot be paid more than 85 percent of their invoices until they fully account for their costs. Twice this year the Army set this rule aside for Halliburton as the company cataloged its costs and explained how it was billing the government. The most recent reprieve expired on Sunday"
- basically we're still paying them the $8 billion they've been promised even though they've already bilked us for approximately $4.2 (if not more) on a no-bid contract.
seesh....if this were any other small business in America, every one of the executive officers would be in orange get-ups.