RealNews

War Funds Dwindling, GAO Warns

he U.S. military has spent most of the $65 billion that Congress approved for fighting the wars in Iraq and Afghanistan and is scrambling to find $12.3 billion more from within the Defense Department to finance the wars through the end of the fiscal year, federal investigators said yesterday. The report from the Government Accountability Office, Congress’s independent investigative arm, warned that the budget crunch is having an adverse impact on the military as it shifts resources to Iraq and away from training and maintenance in other parts of the world. The study — the most detailed examination to date of the military’s funding problems — appears to contradict White House assurances that the services have enough money to get through the calendar year.Full Story

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