US Treasury Says It’s Canceled Booz Allen Hamilton Contracts (1)

The US Treasury Department said it canceled $21 million of contracts with Booz Allen Hamilton after the consulting firm failed to protect taxpayer data to which it had access, including President Donald Trump’s tax returns.

“Canceling these contracts is an essential step to increasing Americans’ trust in government,” Treasury Secretary Scott Bessent said Monday in a statement. “Booz Allen failed to implement adequate safeguards to protect sensitive data, including the confidential taxpayer information it had access to through its contracts with the Internal Revenue Service.”

Shares of Booz Allen Hamilton fell as much as 7.5% on the news.

The ...