The Code Red worm and base closings are not the only things the Pentagon has to worry about lately. The General Accounting Office (GAO) has agreed to perform a department-wide audit, including an investigation of abuse of the Pentagon's 1.8 million credit cards. At the request of Senator Charles Grassley (R-Iowa), the GAO began its investigation by looking into potential purchase card abuse on two...

As one of America's most popular holiday songs goes, "It's the most wonderful time of the year". Well, that may be true until those staggering credit card bills come due in January, and in some cases, for many months afterwards. Taking a critical look at the credit card industry, the television program Frontline (working jointly with The New York Times) has created this revealing investigation...