U.S. To Spend $5.8B On Iraqi Forces
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The U.S. government will pay $5.8 billion to help Iraq expand further its army and police force, which are deemed too small for its security needs
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The wars in Iraq and Afghanistan will cost at least $190 billion in 2008, the Pentagon said on Wednesday, making it the most expensive year in the conflicts since they were launched by President George W. Bush.
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The Bush administration Tuesday said it is reallocating nearly $3.5 billions in aid money for Iraq to bolster security and generate new jobs in advance of elections to be held there in January.
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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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The U.S. Army, which has borne much of the weight of the Iraq and Afghanistan wars, would get $130 billion under President Bush's 2008 budget &#151; a sizable increase that would help ease the strain and meet equipment needs.
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The boost in troop levels in Iraq has increased the cost of war there and in Afghanistan to $12 billion a month, and the total for Iraq alone is nearing a half-trillion dollars, congressional analysts say.
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HOLLAND, Mich.  - Faced with mounting violence in  Iraq, the Bush administration plans on Tuesday to propose  shifting $3.46 billion from Iraqi water, power and other  reconstruction projects to improve security, boost oil output  and prepare for elections scheduled for January.
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The United States has still only  spent a small portion of the $18.4 billion it set aside for  rebuilding Iraq, a new government report shows.
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President George W. Bush will seek $140.7 billion on Monday for the U.S. Army in fiscal 2009, including increased funds to buy helicopters and other equipment, according to budget documents obtained by Reuters.
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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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A report from the Congressional Budget Office says President Bush's plan for a troop increase in Iraq could cost up to $27 billion for a 12-month deployment.
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Iraq is planning to spend more than $1 billion in 2005 to boost its oil production capacity by about 15 percent to 3.25 million barrels a day, an Iraqi official said.
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President Bush will ask Congress for close to three-quarters of a trillion dollars in defense spending on Monday, including $245 billion to cover the cost of fighting in Iraq and Afghanistan and other elements of the "global war on terror," senior administration officials said yesterday.
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American money has helped maintain security in Iraq, but now budgetary constraints are slowing the flow of cash
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The Bush administration, faced with  a growing insurgency and record fuel costs, plans early next  year to seek $50 billion to $75 billion in emergency funding  for military operations in Iraq and Afghanistan, administration  and congressional officials said on Tuesday.
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The US administration is expected to request an additional $80bn for military  operations in Iraq and Afghanistan.
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President Bush took aim yesterday at domestic spending as part of a plan to balance the budget in five years without raising taxes while increasing funding for the Iraq war and permanently expanding the military.