On the recordJuly 9, 1997
what NRO did was to lose track of $4 billion, an amount roughly equal to the annual budgets for the FBI and the State Department combined. They lost the money. John Nelson, appointed last year as the National Reconnaissance Office's top financial manager and given the task of cleaning up the problem, said in an interview published today in a special edition of Defense Week that the secret agency had gone, and I quote the gentleman, ``a fundamental financial meltdown,'' an excerpt from the article in the New York Times. Let me further quote from the New York Times, same article: The reconnaissance office found itself in trouble in 1994 for constructing what several Senators called a stealth building. The Senate Intelligence Committee protested that the agency had built itself a headquarters outside Washington costing more than $300 million, without disclosing the building's true cost and size. That is the New York Times. According to another newspaper, the New York Daily News, December 16, 1996, and I quote, page 27, editorial: Two huge threats are looming before the U.S. intelligence community as national security advisor Anthony Lake prepares to become director of central intelligence.
Source
govinfo.gov




