Iraq War Costs Approach $567 Billion

July 19, 2007
Iraq War Costs Approach $567 Billion

July 19 (Bloomberg) -- The cost of the war in Iraq will exceed the half-trillion dollar mark once Congress completes its work on a defense measure for the fiscal year beginning Oct. 1, the Congressional Research Service said in a report.

"If Congress approves these requests, total funding would reach about $567 billion for Iraq, $157 billion for Afghanistan" with the remainder for enhanced U.S. homeland security, CRS analyst Amy Belasco said in a July 16 report released yesterday.

Spending for the effort against terrorism since the Sept. 11, 2001, attacks is on a course to reach $758 billion after the House and Senate complete work on their respective bills and negotiators agree on a final version later this year, the report said.