Trump threatens to end consultancy contracts on ‘insulting’ proposals, FT says

President Trump’s administration is threatening to terminate hundreds of billions of dollars’ worth of consulting contracts, after finding U.S. firms’ proposals for savings to be “insulting,” Financial Times’ Joe Miller and Stephen Foley report. In a letter being sent to 10 large consulting groups this week, a copy of which was seen by the Financial Times, the US government accuses the firms of “faulty reasoning, financial obfuscations and gamesmanship” in their discussions with the administration, and threatens to “recompete” long-standing deals. Firms including Accenture (ACN), Deloitte, IBM (IBM) and Booz Allen Hamilton (BAH) were asked last month to identify savings in a “consultant spend review” launched by the General Services Administration, which helps co-ordinate government procurement.