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White House May Seek More Funds for Iraq
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| Parent(s) |
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| Contributor | Gerald Farinas |
| Last Edited | Gerald Farinas Apr 21, 2004 10:41pm |
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| Category | News |
| Media | News Service - Associated Press |
| News Date | Wednesday, April 21, 2004 06:00:00 AM UTC0:0 |
| Description | White House May Seek More Funds for Iraq
The Honolulu Advertiser
Increased violence in Iraq is pushing the cost of the war over budget, possibly by as much as $4 billion by late summer, the top U.S. military officer said Wednesday. And billions more will be needed for the rest of the year. The war is costing an estimated $4.7 billion a month, officials said. Defense officials are studying their current budget, which runs through Sept. 30, to determine whether some money can be moved from purchase programs or other Pentagon accounts, Gen. Richard Myers, chairman of the Joint Chiefs of Staff, said. White House officials have already said they would propose a separate bill after this fall's elections, costing up to $50 billion, to pay for the two wars. Because of increased costs, Rep. Duncan Hunter, R-Calif., chairman of the House Armed Services Committee, said he plans to add $20 billion for the current budget year to the 2005 defense bill now being considered.
Administration officials have acknowledged they will need $50 billion for those wars. But the officials said they would not ask for it until after January - and after the presidential election in November. "The administration would be well served here to come forward now, be honest about this, because the continuity and the confidence in this policy is going to be required to sustain it," Sen. Chuck Hagel, R-Neb., said in a television interview. "And that means be honest with the Congress, be honest with the American people." |
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