Wars could cost $2.4 trillion over decade, analysis says
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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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President George W. Bush will ask Congress for $99.7 billion for the Iraq and Afghanistan wars for rest of fiscal year 2007 and more than $145 billion for fiscal year 2008, a Bush administration official said on Friday.
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U.S. President George W. Bush asked Congress on Monday for $189.3 billion to fund the wars in Iraq and Afghanistan, another huge request that faced deep skepticism from lawmakers opposed to prolonging the Iraq conflict.
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WASHINGTON John Kerry is using a new television ad to link the cost of the war in Iraq to problems here at home. In the ad, the Democratic presidential hopeful says the US is spending 200 (b) billion dollars
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President Bush requested $46 billion more today to pay for military operations in Iraq and Afghanistan and other security priorities, bringing the total request pending before Congress to $196.4 billion and setting the stage for another politically charged battle over the course of the war.
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The Bush administration will ask the U.S. Congress next week for $70 billion to pay for the wars in Iraq and Afghanistan and related operations for part of the 2009 fiscal year, the Pentagon said on Monday.
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The Defense Department is seeking an additional $42.3 billion to fund the wars in Iraq and Afghanistan, bringing the total request for 2008 to nearly $190 billion, according to prepared testimony Defense Secretary Robert M. Gates is to present to Congress this afternoon.
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The Bush administration plans to announce Tuesday it will request about &#36;80 billion more for this year's costs of fighting wars in Iraq and Afghanistan, congressional aides said Monday.
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President George W. Bush will ask Congress for $99.7 billion for the Iraq and Afghanistan wars for the rest of fiscal year 2007 and more than $145 billion for fiscal year 2008, a Bush administration official said on Friday.
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Global warming could cost the world up to $20 trillion over two decades for cleaner energy sources and do the most harm to people who can least afford to adapt, U.N. Secretary-General Ban Ki-moon warns in a new report.
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The Congressional Budget Office is predicting the government will accumulate another $855 billion in deficits over the next decade, excluding the costs of President Bush's Social Security plan and ongoing wars in Iraq and Afghanistan.
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In the last presidential debate, the candidates are unlikely to dwell on the cost of their own proposals, which analysts put at roughly $1.3 trillion each over 10 years.
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With military costs since Sept. 11, 2001, now expected to exceed &#36;300 billion, the Pentagon is spending more per soldier to fight in Iraq, Afghanistan and elsewhere than it did during earlier conflicts.
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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 asked Congress on Monday for $189.3 billion to fund the wars in Iraq and Afghanistan, another huge request that faces deep skepticism from lawmakers opposed to prolonging the Iraq conflict.
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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 White House says its drive to halve federal deficits by 2009 remains on track, though it projects that the cost of wars in Iraq and Afghanistan will help drive this year's shortfall to a record &#36;427 billion.