Pentagon discovers $81 million of U.S. Navy gear during audit

The Pentagon found $81 million of military equipment at a U.S. Navy facility that had not been inventoried, a top Pentagon official said on Wednesday as he described the Department of Defense second straight failed audit.The Pentagon says that it has made progress toward fixing accounting discrepancies, but that it will take years to eventually pass a full audit, Deputy Secretary of Defense David Norquist told a U.S. Senate panel.