politics
White House awarded $500 billion no-bid contract last year
Officials granted a sole-source contract valued at $500 billion. A Washington Post report disclosed the award.
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White House officials awarded a no-bid contract worth $500 billion during the previous calendar year. The contract bypassed standard competitive bidding procedures. A Washington Post report first revealed the award.
The agreement was executed without public solicitation of competing proposals. No further terms or recipients were specified in the disclosure.
Reporting The Washington Post published its account of the transaction.
No additional official statements have been issued.
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