Talk about a money pit...
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Sept. 4 ? The White House has informed congressional leaders that it is preparing a new budget request for between $60 billion and $70 billion to help cover the mounting costs of the reconstruction and military occupation of Iraq, sources on Capitol Hill said last night.
THE PLANNED request ? which congressional budget analysts said will be nearly double what Congress expected ? reflects the deepening cost of the five-month-old U.S. occupation and serves as an acknowledgement by the administration that it vastly underestimated the cost of restoring order in Iraq and rebuilding the country?s infrastructure.