Future annual Iraq tab &#36;10 billion plus
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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.
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The International Monetary Fund on Wednesday approved &#36;436 million in emergency lending to Iraq and said it hoped its backing would generate additional international economic support, including debt relief.
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New figures show shortfall reaching $368 billion in fiscal 2005, not counting war costs.
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The White House said on Tuesday it  will seek 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 almost $300 billion so far.
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President Bush will seek $419.3 billion for the Defense Department in the fiscal year that begins this October, a 4.8 percent increase over this year's spending, not counting the cost of war in Iraq and Afghanistan, according to a Defense Department document obtained by The Washington Post.
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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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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 wars in Iraq and Afghanistan could cost as much as $2.4 trillion through the next decade, the nonpartisan Congressional Budget Office said Wednesday. The White House brushed off the analysis as "speculation."
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Spending may increase 25 percent next year, pushing total costs for Iraq and Afghanistan to over $200 billion.
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The United Nations panel overseeing compensation for victims of Iraq's 1990 invasion of Kuwait has approved awards worth &#36;2.9 billion for environmental damage, the world body said Thursday.
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President George W. Bush is expected on Monday to estimate the costs for the Iraq war at nearly $300 billion over the next 2 1/2 years and propose limiting domestic spending for fiscal year 2008.
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Major economic powers agreed Sunday to write off more than $31 billion in debt for Iraq in a deal that boosted U.S. efforts to help put the Iraqi economy back on its feet.
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Â· Military spending to hit highest level since WWIIÂ· Plans will leave successor with spending headache
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PARIS - Major economic powers agreed to write off $31 billion of Iraqi debt yesterday in a major breakthrough for US-led efforts to get Iraq&#39;s economy back on its feet.
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U.S. officials have raised their  estimates of the size and financial support of Iraq's  insurgency, The New York Times reported on Friday, citing  unnamed sources.
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President Bush's 2008 budget request includes $624.6 billion in defense spending and marks the first time he has offered an estimate of how much the wars in Iraq and Afghanistan will cost a year in advance.
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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."