Scott Bessent Cancels All Booz Allen Hamilton Contracts For Leaking Trump's Tax Returns: Stock Plunges 8%
Pessimistic
-25.4
U.S. Treasury Secretary Scott Bessent announced on Monday that his department has canceled all contracts with management consulting firm Booz Allen Hamilton Holding Corp. (NYSE:BAH), citing failures to protect sensitive taxpayer data and a past breach that exposed confidential tax information.
Ex-Employee Leaked Trump’s Tax Returns
In a press release, the Treasury Department said that it was cancelling all 31 separate contracts associated with the firm, which amounted to $4.8 million in annual spending and $21 million in total obligations.
Bessent framed the move as part of a broader push by the Trump administration to tighten oversight of government contractors and restore public confidence in federal institutions.
“President Trump has entrusted his cabinet to root out waste, fraud, and a
Ex-Employee Leaked Trump’s Tax Returns
In a press release, the Treasury Department said that it was cancelling all 31 separate contracts associated with the firm, which amounted to $4.8 million in annual spending and $21 million in total obligations.
Bessent framed the move as part of a broader push by the Trump administration to tighten oversight of government contractors and restore public confidence in federal institutions.
“President Trump has entrusted his cabinet to root out waste, fraud, and a
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