Latest News

June 15, 2004 3:00 AM

Wasteful spending in Iraq has topped $1 billion, official estimates

At least $1 billion in taxpayers money has been wasted in inefficient spending in Iraq, the federal governments top fiscal watchdog said Tuesday. The estimate, by U.S. Comptroller General David Walker, is the first time anyone has put a number on the amount of misspending in Iraq. It amounts to less than 2 percent of the $60 billion the government has spent since March 2003 on waging war in Iraq and rebuilding the country. But its more than the government spends on research into Alzheimers disease and asthma combined, for example.

Related content