$8.8b in Iraq unaccounted for
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WASHINGTON -- At least $8.8 billion in Iraqi funds given to Iraqi ministries by the former US-led authority there cannot be accounted for, according to a draft US audit set for release soon.
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About $10 billion has been squandered by the U.S. government on Iraq reconstruction aid because of contractor overcharges and unsupported expenses, and federal investigators warned Thursday that significantly more taxpayer money is at risk.
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In a largely invisible cost of the war in Iraq, nearly 800 civilians working under contract to the Pentagon have been killed and more than 3,300 hurt doing jobs normally handled by the U.S. military, according to figures gathered by The Associated Press.
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The deficit figure of $427 billion includes part of an additional $80 billion that President Bush requested for Iraq.
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A Halliburton subsidiary agreed to pay the government $8 million to resolve accusations of overbilling related to the firm's work for the Army in the Balkans, the Justice Department said yesterday.
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The U.S. budget deficit will reach  $368 billion this year before any war costs are added in, the  Congressional Budget Office said on Tuesday, according to a  source familiar with the worse-than-expected numbers.
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President Bush on Tuesday asked for  more than $80 billion in new funding for military operations  this year in Iraq and Afghanistan, shattering initial cost  estimates and pushing the total for both conflicts to nearly  $300 billion so far.
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WASHINGTON -- A new congressional analysis shows the Iraq war is now costing taxpayers almost $2 billion a week -- nearly twice as much as in the first year of the conflict three years ago and 20 percent more than last year -- as the Pentagon spends more on establishing regional bases to support the extended deployment and scrambles to ...
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The United States has erased over $ 4 billion of Iraqi foreign debt. It is also urging all other nations to join the effort to cancel the debt racked up under former Iraqi leader Saddam Hussein.
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A Government Accountability Office report has found that  Iraq had spent much less of its reconstruction budget than what had previously been announced.
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Iraqis were promised billions of  dollars in mainly American aid to rebuild their country after  last year's U.S.-led invasion, but mounting violence has choked  reconstruction spending to almost nothing.
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For Barbara and Warner Shingleton, the cost of the Iraq war goes beyond the $140 billion the US has approved for the fighting and reconstruction of the country.
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A Bush administration report on Iraq shows satisfactory progress on eight benchmarks, unsatisfactory progress on another eight and mixed results on the other two
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U.S. authorities are investigating  why $300 million in American bills was taken out of Iraq's  Central Bank this month and flown to Lebanon, the U.S.  ambassador to Iraq said on Sunday.
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The Paris Club of international creditors has agreed to cancel 80 percent of the debt Iraq owes member countries. Officials say the deal, brokered in Berlin, is worth about $33 billion.
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The economic cost of the Iraq war may be larger than what has actually been spent directly on the war.
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The cost of a long-term U.S. military presence in Iraq similar to the peacekeeping role American troops have played in South Korea would range from $10 billion to $25 billion a year, the Congressional Budget Office said Thursday.