THE PENTAGON'S 'BLACK FUNDS': WHILE MOST OF THE UPROAR

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP75-00149R000700140060-7
• Release Decision: RIFPUB
• Original Classification: K
• Document Page Count: 1
• Document Creation Date: December 16, 2016
• Document Release Date: December 10, 2004
• Sequence Number: 60
• Publication Date: August 17, 1964
• Content Type: NSPR

TAE INSIDER'S NEWSLETTER M L 1- d I U.$
RS';
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THE PENTAGON'S 'BLACK FUNDS': While most of the uproar
Approved For Relea~e 200WVM ?lIZjA W75-00149R00070.,0140060-7. .
"which followed President Johnson's announcement about the secret
$1. billion supersonic RS-71 plane came from Republicans who ac- Ll
Gordon Allott (R-Colo.) wondered how the Defense, Department could j'"
tell the Committee that the military budget "is as tight as it can be,
when somewhere there is hidden within it as much as $1 billion for !I'
ranking GOP member of the Armed Services and Appropriations Com-}:
. mittees, have been privy to the existence of the "black funds" and the
appropriations known as "black funds" earmarked for super-secret
t Services' Committee and the Defense Appropriations subcommittee,
forced Senator Richard Russell (D-Ga. ), Chairman of both the Armed
s,. that "$1 billion has been hidden for the development of something
the development of this- plane?" Allott found it embarrassing to learn.;,;,
t projects they have financed. (One such project was the U-2.) Rus-
sell pointed out. that the $1 billion had been spent over a period. of
five or six years and that if all Committee members had been in- 'P _
formed word might have leaked out. Said Russell of his secret knowl:l
PAtra. "Tt hats haan -n anttrra of tratranArota wnrrer to rnn It Qn4A A11, t'.i
"Every member- of the Committee haa-a right to have knowledge of A,
more ominous issues raised in the Senate Appropriations Committee.