Another Iraq war spending showdown looms
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President Bush and Congress are headed toward another showdown on war spending, this time sparring over nearly $190 billion the Pentagon says is needed to keep combat in Iraq afloat for another year.
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Democrats are debating whether to approve $50 billion to $70 billion for Iraq and Afghanistan, less than half of President Bush's $196 billion request but enough to keep the wars afloat for several more months.
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President George W. Bush will on Monday unveil a $3 trillion budget that likely will spark anew the wrangling between the White House and the Democratic-led Congress over Iraq war funding, tax cuts and the sagging economy.
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The wars in Iraq and Afghanistan will cost U.S. taxpayers hundreds of billions of dollars over the next decade, no matter how quickly U.S. troops are reduced in those countries over the next few years, according to a report released this week by the Congressional Research Service (CRS).
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In pushing for a bipartisan plan, they seek to avoid 'ownership' of the Iraq war.
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WASHINGTON -- Democrats seeking votes for their Iraq-withdrawal plan have stuffed a war funding bill with billions of dollars for homeland security, healthcare, farms, New Orleans levees, home heating, and other causes.
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The wars are now expected to cost taxpayers more than $190 billion for the fiscal year that began on Oct. 1.
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With the new fiscal year just a week away, President Bush and the Democratic-controlled Congress are far from an agreement on the proper level of spending for myriad federal programs.
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Debate on whether to oppose Bush's troop 'surge' begins this week, and the risks of action - or inaction - are high for both parties.
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President Bush on Monday will seek $245 billion for the wars in Iraq and Afghanistan while boosting other military spending and curbing domestic programs, setting the stage for a big battle with Democrats over funding priorities.
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Defense Secretary Donald H. Rumsfeld, in his second consecutive tour of duty, has to sell a half-trillion military budget to a skeptical Congress and answer repeated calls to bring the troops home from Iraq.
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WASHINGTON - The wars in Iraq and Afghanistan could cost as much as $2.4 trillion through the next decade, the nonpartisan Congressional Budget Office said yesterday. The White House brushed off the analysis as "speculation."
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About six months before the United States invaded Iraq, then-White House economic adviser Lawrence B. Lindsey famously estimated that the war would cost between $100 billion and $200 billion. The prediction ended up being way too low: As of Sept. 30, congressional analysts recently estimated, the...
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President George W. Bush's Iraq war policy continued to hemorrhage support in the U.S. Senate as another senior Republican called on Thursday for a new strategy that would start to bring troops home.
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The U.S. wars in Iraq and Afghanistan could cost taxpayers a total of $2.4 trillion by 2017 when counting the huge interest costs because combat is being financed with borrowed money, according to a study released on Wednesday.
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The U.S. government is at risk of squandering significantly more money in an Iraq war and reconstruction effort that has already wasted or otherwise overcharged taxpayers billions of dollars, federal investigators said Thursday.
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The White House is ready to ask Congress for more money for President Bush's plan &#151; already hotly debated &#151; to send 21,500 new combat troops into Iraq.