02:10 PM EDT, 04/09/2025 (MT Newswires) -- Booz Allen Hamilton Holding ( BAH ) , Accenture ( ACN ) , IBM ( IBM ) and other large consulting groups faced accusations of "financial obfuscations" from the Trump administration during contracts reviews, with threats to "recompete" long-standing agreement, the Financial Times reported Wednesday, citing a letter to the companies from the General Services Administration.

The cost-saving proposals were deemed "insulting," and the US government is threatening to terminate billions of dollars in consulting contracts unless the 10 companies identify more savings by April 18, the report said.

Booz Allen Hamilton ( BAH ), Accenture ( ACN ), IBM ( IBM ) and the GSA didn't immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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