Audit: $10 Billion Wasted In Iraq So Far

Associated Press HOPE YEN February 15, 2007 10:18 PM

About $10 billion has been squandered by the U.S. government onIraq reconstruction aid because of contractor overcharges and unsupported expenses, and federal investigators warned Thursday that significantly more taxpayer money is at risk.

The three top auditors overseeing work in Iraq told a House committee their review of $57 billion in Iraq contracts found that Defense and State department officials condoned or allowed repeated work delays, bloated expenses and payments for shoddy work or work never done.

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