Audit: &#36;9 Billion Unaccounted for in Iraq
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The U.S. occupation authority in Iraq was unable to keep track of nearly &#36;9 billion it transferred to government ministries, which lacked financial controls, security, communications and adequate staff, an inspector general has found.
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The FBI has a backlog of hundreds of thousands of hours of untranslated audio recordings, an audit finds.
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Iraq's most important moneymaker &#151; its oil industry &#151; lost $16 billion in two years to insurgent attacks, criminals and bad equipment, a secret U.S. audit says.
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The team collecting private donations to finance President Bush's inaugural festivities has taken in &#36;18 million, putting it nearly halfway to its goal of at least &#36;40 million.
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NEW YORK -- Internal auditors at the United Nations failed to investigate allegations that Iraq siphoned billions of dollars in illicit profits through kickbacks from companies that bought more than $64 billion in oil and humanitarian goods, depriving the organization of a "potentially powerful agent in helping to ensure accountability," a UN-appointed investigator said last night.
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As Congress started to digest a new Bush administration request of &#36;80 billion to bankroll wars in Iraq and Afghanistan, its top budget analyst on Tuesday projected &#36;855 billion in deficits for the next decade even without the costs of war and President Bush's Social Security plan.
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WASHINGTON - The FBI has a backlog of hundreds of thousands of hours of untranslated audio recordings from terror and espionage investigations, despite large increases in money and personnel for translations since the 2001 terror attacks, a Justice Department audit released Monday said.    In addition, the audit by Glenn A...
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The United Nations overpaid by as much as &#36;5 billion to individuals, companies and Gulf states for losses in Iraq's 1990 invasion and occupation of Kuwait, auditors' documents showed on Sunday.
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Spending by contestants and supporters in the U.S. elections this year will be nearly &#36;4 billion, the highest ever, a study released on Thursday said.
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Despite President Bush's promise to spend  $9 billion on reconstruction contracts in Iraq in coming  months, administration and congressional officials said on  Thursday it could take more than a year to pay out that much  money.
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House Democrats criticized former Iraq occupation administrator L. Paul Bremer yesterday for disbursing nearly $9 billion in Iraqi oil revenue without instituting accounting systems to track more carefully how Iraqi officials were using that money.
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President Bush was poised to officially ask Congress Monday for an estimated &#36;82 billion to cover the costs of continuing military operations in Iraq and Afghanistan and a myriad of other internationally related expenses, including training Iraqi security forces and aiding victims of the tsunami.
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More than &#36;8 million has been donated by corporations and individuals to fund President Bush's reinauguration ceremonies, according to figures released Thursday.
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US President George W Bush submits a $2.9 trillion budget request, including billions of dollars for operations in Iraq.
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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.
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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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At least $8.8 billion in Iraqi funds  that was given to Iraqi ministries by the former U.S.-led  authority there cannot be accounted for, according to a draft  U.S. audit set for release soon.