Morning Smoke: Defense Contract Audit Agency Under Fire

Hearing: "Defense Contract Audit Agency: Who Is Responsible for Reform?" [Senate Committee on Homeland Security and Governmental Affairs]

IG finds scattered workforce issues at Defense audit agency [Government Executive]

Auditing the Auditors: Contractor Oversight AWOL [Mother Jones]

Hearing: "The Administration's Proposals for Financial Regulatory Reform" [House Financial Services Committee]

TARP "Investment" May Not Pay Off [OMB Watch]

Congress Takes On Credit Ratings [The Wall Street Journal]

Tracking States’ Stimulus Sites [ProPublica]

Senate Hearing Will Examine Use of Performance Information [OMB Watch]

Search Is On for Best Cost-Cutting Ideas [Washington Post]

Justice Department to Limit Use of State Secrets Privilege [The New York Times]

Small business reps accuse big contractors of pulling a 'bait-and-switch' [Government Executive]

Boeing Parks Flight Simulator on Capitol Hill to Promote Tanker [Washington Wire]